Thursday, 31 October, 2024

Cyient Acquires 27% Stake In Azimuth AI To Enhance Semiconductor Capabilities

Cyient has acquired a 27% stake in U.S.-based Azimuth AI, aiming to bolster its semiconductor expertise. This strategic investment strengthens Cyient's capabilities in designing and developing advanced semiconductor solutions, particularly for AI and other data-intensive applications. By collaborating with Azimuth AI, Cyient seeks to deepen its industry footprint and accelerate growth in high-demand tech sectors, aligning with the growing demand for specialized semiconductor technologies.