Cyient has acquired 27.3 per cent stake in Azimuth AI, a fabless custom ASIC company recognised for its expertise in intelligent energy and power solutions.
The Hyderabad-headquartered company had announced the strategic expansion of its semiconductor business in July with the establishment of a fully owned subsidiary.
In a statement, Krishna Bodanapu, Executive Vice-Chairman & Managing Director of Cyient, said, “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.”
“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 their 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,” said Praveen Yasarapu, Founder and CEO of Azimuth AI.
