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Cyient To Invest $100 Mn In Semiconductor Subsidiary
- Cyient has officially launched its semiconductor subsidiary, Cyient Semiconductors.
- The company's board has approved an investment of $100 Mn in the subsidiary.
- Cyient Semiconductors will focus on scaling application-specific integrated (ASIC) turnkey solutions.
- The subsidiary is already contributing 5% or $35 Mn to $40 Mn in revenue to Cyient's top line.
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