Cyient acquires 27% stake in US-based Azimuth AI to boost semiconductor capabilities

Cyient has acquired a 27.3% stake in US-based Azimuth AI, enhancing its semiconductor capabilities focused on intelligent energy and power solutions. This strategic move aims to drive innovation, especially in India, positioning it as a hub for chip development aligned with government initiatives.

Oct 28, 2024 - 13:30

Cyient acquires 27% stake in US-based Azimuth AI to boost semiconductor capabilities

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Cyient has acquired a 27.3% stake in US-based Azimuth AI, enhancing its semiconductor capabilities focused on intelligent energy and power solutions. This strategic move aims to drive innovation, especially in India, positioning it as a hub for chip development aligned with government initiatives.