<ul><li>Cyient has allocated around Rs 860 crore ($100 million) for its newly-formed semiconductor subsidiary, Cyient Semiconductors.</li><li>The company plans to offer customised silicon chip solutions to various industries, including electric vehicles and distribution companies (discoms).</li><li>By September, Cyient aims to tap external investors for more funds and is in the process of appointing merchant bankers.</li><li>The new subsidiary will focus on talent-intensive research and development efforts, intellectual property creation, and listing the arm on the markets in the future.</li></ul>

Cyient Allocates Around Rs 860 Crore For Newly-Formed Semiconductor Subsidiary

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