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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
7mo ago
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