Cyient Solutions & Systems

Cyient invests $100 mn in semiconductor business, plans more funds

Domestic technology company Cyient has earmarked a USD 100 million investment for its newly carved out semiconductor business, a top official said on Tuesday. The Hyderabad-headquartered company is also looking at raising capital from an external investor by September and is in the process of appointing merchant bankers for the same, officials said. Without quantifying the amount that it is targeting to raise, its Executive Vice Chairman and Managing Director Krishna Bodanapu said the money will be deployed for the talent-intensive research and development efforts. Bodanapu said that the board has already committed USD 100 million for the new venture and it will also be looking to raise more resources from external investors. He said the company is targeting to offer customised silicon chip solutions to a variety of industries, both globally and domestically, including electric vehicles and discoms, which need smart meters. The demand is also very high for such solutions, and apar

Cyient surges 140% so far in CY23; Cyient DLM zooms 179% over issue price

Shares of Cyient and its subsidiary Cyient DLM hit their respective all-time highs on Tuesday as they rallied up to 19 per cent on the BSE in the intraday trade

Dream debut: Shares of EMS provider Cyient DLM gain 59% on Day 1

Cyient DLM's key clients include Honeywell International, ABB, and Bharat Electronics

Cyient partners with IIT-Hyderabad for 5G networks research collaboration

As part of the collaboration, Cyient will leverage a 5G core developed by IIT-Hyderabad for testing various digital use cases and interoperability with components

Cyient and BlueBird Aero Systems form joint venture to offer UAV Systems

The joint venture underlines the commitment of both partners to the government's 'Make in India' initiative