Semiconductor Company Acquires Stake in Azimuth AI to Build Cutting-Edge ASIC Chips and Strengthen Semiconductor Capabilities
Azimuth AI is an Embedded Silicon Product company developing highly differentiated ASICs for Edge Computing Applications.
Cyient, a global Intelligent Engineering services company, announced the acquisition of a 27.3 per cent stake in Azimuth AI, a fabless custom ASIC company known for its expertise in intelligent energy and power solutions. This strategic investment marks a significant milestone in Cyient’s semiconductor journey and demonstrates the continued focus to drive accelerated growth in this industry. This strategic investment marks another significant step in Cyient’s ongoing efforts to expand its capabilities and drive innovation across the semiconductor industry.
About Azimuth AI: Azimuth AI is an Embedded Silicon Product company developing highly differentiated ASICs for Edge Computing Applications.
Krishna Bodanapu, Executive Vice-Chairman & Managing Director of Cyient Ltd, said, “Driven by the Indian Government’s initiatives to boost domestic innovation in semiconductors, India is emerging as a hub for chip development, especially in power and energy-efficient systems. In July this year, we announced the strategic expansion of our Semiconductor business by establishing a fully-owned subsidiary. Investing in Azimuth AI strengthens our focus on building cutting-edge ASIC chips designed and developed in India — for the world. It further enhances our capabilities in this critical space while reinforcing our commitment to next-gen power and energy solutions. We look forward to this partnership.”
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Praveen Yasarapu, Founder and CEO of Azimuth AI, said, “We are pleased to embark on this journey with Cyient. The synergies between our companies are clear, and we are eager to leverage Cyient’s deep expertise in ASIC design, coupled with its proven ability to deliver high-quality, innovative solutions across multiple industries. Together, we aim to deliver groundbreaking solutions that will push the boundaries of semiconductor technology for the global as well as Indian market.”
About Cyient Ltd
Cyient is a prominent Indian multinational technology company specializing in engineering, manufacturing, data analytics, and network operations. Established in 1991, it has grown to become one of the world's top 30 outsourcing companies. Cyient offers a wide range of services including digitalization, CAD/CAE design, software development, consulting, and analytics. The company serves a global clientele across various industries such as aerospace and defence, healthcare, telecommunications and semiconductors.
Disclaimer: The article is for informational purposes only and not investment advice.