Latest news with #CyientSemiconductors
Time of India
3 days ago
- Business
- Time of India
Cyient Semiconductors partners with GlobalFoundries to provide chipmaking services in India
NEW DELHI: Cyient Semiconductors on Thursday said it has signed a strategic channel partner agreement with US-based chipmaker GlobalFoundries for providing semiconductor manufacturing services . Hyderabad-based Cyient had launched its semiconductor unit in April this year to provide application-specific integrated circuit (ASIC) turnkey solutions for companies. 'Under the agreement, Cyient Semiconductors becomes an authorised reseller of GF's semiconductor manufacturing services and technologies,' Cyient Semiconductors said in a media statement. The pact will allow Cyient Semiconductors to provide companies with access to GlobalFoundries' fabrication, technical consultation, design enablement, assembly, testing, and other value-added services to drive innovation and reduce time-to-market, according to the statement. GlobalFoundries counts iPhone-maker Apple, Intel, and Qualcomm, among others, as its customers. It has semiconductor fabrication units in the US, Europe and Asia, including China. 'It positions us to serve the fast-growing ecosystem of fabless companies with access to world-class foundry capabilities and advanced technologies from GlobalFoundries. By combining this with Cyient Semiconductors' turnkey ASIC capabilities, we are excited to play a catalyst role in accelerating semiconductor innovation across automotive, industrial, medical, and communication sectors,' Cyient Semiconductors CEO Suman Narayan said. GlobalFoundries does not have a manufacturing unit, or a fab, in India. However, it has an employee base of over 1,000 in the country, according to a recent post on LinkedIn. 'Cyient Semiconductors brings strong domain expertise, customer-centricity, and complementary design capabilities that align perfectly with GF's mission to expand our strategic alliances across the semiconductor industry,' GlobalFoundries Chief Customer Officer Samuel Vicari said.
Entrepreneur
3 days ago
- Business
- Entrepreneur
Cyient Semiconductors Signs Channel Partnership Agreement with GlobalFoundries
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Cyient Semiconductors has entered into a channel partner agreement with GlobalFoundries (GF), one of the world's largest pure-play semiconductor foundries. The partnership enables Cyient Semiconductors to act as an authorised reseller of GF's semiconductor manufacturing services and technologies. As part of the agreement, Cyient Semiconductors will facilitate access to GF's advanced manufacturing processes for clients, particularly fabless companies. The company will also offer services such as design enablement, technical consultation, assembly, and testing, with the aim of streamlining the production cycle and helping clients bring products to market faster. Cyient Semiconductors CEO Suman Narayan said the partnership aligns with the company's broader growth strategy, particularly in sectors such as automotive, industrial, medical, and communications. "This agreement allows us to extend world-class foundry capabilities to emerging semiconductor firms and contribute to accelerating innovation in key industries," he said. GlobalFoundries, which has been expanding its strategic alliances to serve a wider customer base, views this partnership as an opportunity to reach high-potential yet underserved market segments. "Cyient Semiconductors brings technical depth and customer focus that complement GF's mission," said Samuel Vicari, Chief Customer Officer at GlobalFoundries. A dedicated team will be set up under the partnership to support clients from early-stage design to production, focusing on ensuring seamless coordination and support throughout the chip development lifecycle. The collaboration also marks a strategic move for both companies to deepen their footprint across the global semiconductor value chain at a time when demand for customized, energy-efficient silicon solutions is growing.
Business Upturn
30-07-2025
- Business
- Business Upturn
Top stocks to watch on July 30: NTPC, JSW Steel, HCL Tech, Asian Paints, Nestle India, Cyient, Muthoot Microfin and more in focus
By Arunika Jain Published on July 30, 2025, 07:38 IST Indian equities are expected to open with a positive bias on Tuesday, July 30, amid a flurry of earnings announcements, regulatory updates, and corporate actions. A wide range of companies are in focus following Q1FY26 results, joint ventures, capacity expansion, and M&A moves. Here's a look at the key stocks likely to move today: Cyient has incorporated a new unit — Cyient Semiconductors — in Singapore, signaling a strategic international expansion in semiconductor design and solutions. Intellect Design Arena launched its AI-based platform for banks in South Africa, potentially opening up a new revenue stream from fintech exports. Muthoot Microfin announced its expansion into Northeast India, beginning operations in Assam as part of its financial inclusion drive. MRC Agrotech said its Agronica Seeds unit has produced 447 metric tons of premium wheat seeds, enhancing its position in agri-input markets. GAIL (India) Ltd is in focus after entering into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam. This follows recent brokerage optimism and developments around transmission tariff hikes. TARC Ltd secured a registration certificate for its high-end residential project 'TARC Trigun' in Chattarpur, New Delhi — a key step toward project execution. HCL Technologies has partnered with Pearson to develop AI-driven learning products, aimed at reducing global skill gaps. Fermenta Biotech received a suitability certificate from the European Directorate for its spray-dried vitamin D3 variant, opening up growth opportunities in international markets. Asian Paints reaffirmed its operating margin guidance of 18–20%, giving confidence to investors about steady profitability. Defence stocks may stay active after Prime Minister Modi reiterated the government's increased focus on procurement and indigenous production. JSW Steel may see relief buying as the Supreme Court agreed to hear its review petition related to the scrapped resolution plan. IOC gained PNGRB approval to develop a City Gas Distribution network in Andaman & Nicobar Islands. Among earnings movers: NTPC reported a Q1 net profit of ₹4,774 crore, below Street estimates of ₹4,912 crore. Revenue came in at ₹42,572 crore versus the forecast of ₹45,441 crore. L&T reported a net profit of ₹3,617 crore (YoY growth from ₹2,786 crore), with revenue rising 15% YoY to ₹63,678 crore. Piramal Enterprises posted strong YoY growth in Q1 PAT at ₹276 crore vs ₹181 crore; revenue grew to ₹2,642 crore. Welspun Corp saw its net profit jump to ₹349.16 crore from ₹247.94 crore YoY, with revenue at ₹3,551.49 crore. Jagran Prakashan, ASK Automotive, J. Kumar Infraprojects, and International Gemmological Institute also posted strong quarterly results. Meanwhile, Nestle India set August 8 as the record date for its 1:1 bonus issue. Among dividend stocks going ex-date today are Aurionpro Solutions, BASF India, Cravatex, EIH Ltd, Hawkins Cookers, JB Chemicals, and VRL Logistics. Those going ex-date tomorrow include BPCL, Godrej Agrovet, Coforge, and Usha Martin, among others. Also in regulatory focus, IND-Swift Laboratories announced the approval of its amalgamation with IND-Swift, and Polychem disclosed a ₹29 crore property sale by its subsidiary. Disclaimer: The above article is for informational purposes only and is based on publicly available information, company announcements, and brokerage reports. It does not constitute investment advice or a recommendation. Readers are advised to consult their financial advisors and conduct their own due diligence before making any investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Time of India
24-07-2025
- Business
- Time of India
Cyient Q1 net profit rises 7%
Hyderabad: Engineering solutions player Cyient Ltd on Thursday said it posted a modest 7% rise in consolidated net profit for the first quarter ended June 30, 2025, at a little over Rs 157 crore compared to around Rs 148 crore in the corresponding quarter of the financial year 2024-25 (FY25). This was on a marginal 2% rise in revenue from contracts with customers to around Rs 1712 crore in Q1FY26, as against Rs 1676 crore in Q1FY25. The company also said it is sitting on cash reserves of Rs 1894 crore at the group level, which, along with the company's profitability, positions it well to drive growth across the group's diversified portfolio of digital, engineering and technology (DET) business, design-led manufacturing, and semiconductors business, Cyient Executive vice chairman & managing director Krishna Bodanapu said. Bodanapu said with the completion of the carving-out process for Cyient Semiconductors, the company is poised to tap high-growth opportunities in cutting-edge semiconductor technologies with capabilities in high-performance analog and mixed-signal ASIC across industries that will play a key role in charting the group's future growth. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad
The Hindu
24-07-2025
- Business
- The Hindu
Cyient Q1 net up 7% to ₹158 cr
Intelligent engineering solutions company Cyient's consolidated net profit for the quarter ended June rose 7% to ₹157.4 crore from the ₹147.6 crore a year earlier. The higher net profit came on a nearly 5% increase in total income to ₹1,781.5 crore (₹1,696.8 crore). 'At a group level, our cash position and profitability gives me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM, and semiconductors,' Executive Vice Chairman and Managing Director Krishna Bodanapu said. Cyient Group cash position stood ₹1,894 crore. The carve-out process initiated for Cyient Semiconductors is complete as per plan. Cyient Semiconductors will address high-growth opportunities in cutting-edge semiconductor technologies with capabilities in high-performance analog and mixed-signal ASIC across industries. It will play a pivotal role in shaping the future growth, he said. Cyient shares closed 2.95% lower at ₹1,242.25 each on the BSE.
