Cyive semiconductor is launched

Cyive has established Indian Engineering and Technology a fully -owned subsidiary company, Sement semiconductor.

The subsidiary has been launched with an investment of about 8.62 billion rupees ($ 100 million), Times of India newspaper I mentioned.

In conjunction with the launch, Cyive Suman Naayan was appointed as the CEO of the newly formed entity.

The semiconductor works will focus on expanding the scope of the integrated circles of the circuit (ASIC) for its customers.

Narayan said: “India is on the threshold of the semiconductor revolution, and Cyive is in a good position to be at the forefront of this shift.

“Thanks to our deep experience in the field, we will continue to enable international and local customers through high -value solutions. We firmly believe that the new semiconductor company will lead the next generation innovations to meet the requirements of our customers.”

“This strategic step enhances the company’s commitment to innovation and excellence in the global scene of the semiconductors,” Cyint said.

Prepared by organic and non -organic growth, the new sub -company has already built a difference across several regions, including India, the diseases of the United States, Germany, Belgium, the Netherlands and Taiwan.

“Our vision is to align the capabilities of semiconductor in Cyive with the national agenda set by the Ministry of Electronics and Information Technology, with the aim of building a strong ecosystem for semi -conductors in India,” said CEO and SMEs.

“With the increasing demand for high -performance semiconductor solutions, CYINT semiconductor will play a decisive role in providing ASIC design services from end to finish, supporting India’s journey towards self -reliance in the environmental system of semiconductors.”

The company added that the semiconductors aim to work in the growing semiconductor area, and to benefit from the increasing demand for the expertise of specialized semiconductors.

The company noted that the global semiconductor market, which is currently estimated at $ 600 billion, is expected to reach $ 2 by 2032.

Originally RulingThe brand owned by Globaldata.

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