Cyient To Invest $100 Mn In Semiconductor Unit

• Cyient announced a $100 Mn investment in its semiconductor subsidiary.
• The company received board approval to seek additional external investments.
• In March, Cyient transferred its global semiconductor businesses to Cyient Semiconductors for INR 252.8 Cr.
• Cyient Semiconductors focuses on high-performance, power-efficient silicon solutions.
• The announcement marks the official launch of Cyient Semiconductors, a year after initial plans were revealed.

Source: Inc42