Cyient appoints Suman Narayan as CEO of newly launched semicon subsidiary

Engineering and technology solutions provider Cyient has announced the launch of its fully owned semiconductor subsidiary Cyient Semiconductors. Industry veteran Suman Narayan has been named the chief executive officer of the newly carved-out unit. 

Cyient Semiconductors will focus on scaling Application-Specific Integrated Circuit (ASIC) turnkey solutions for customers. Cyient already has expertise in this field, having delivered ASIC turnkey solutions and semiconductor design services across industrial, data center applications, automotive, and medical for over 25 years. Cyient Semiconductors has built high-performance teams across India, the U.S., Germany, Belgium, the Netherlands, and Taiwan.

“With the growing demand for high-performance semiconductor solutions, Cyient Semiconductors will play a crucial role in providing end-to-end ASIC turnkey and IC design services, supporting India's journey toward self-reliance in the semiconductor ecosystem,” said Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient.

The company first announced the semiconductor subsidiary in July last year. At the time Bodanapu said Cyient's credentials in the semiconductor electronics sector through Cyient DET and Cyient DLM have enabled to set-up this subsidiary, through a fabless model for analog mixed-signal chips.

“With our deep domain expertise, we will continue to empower global and domestic clients with high-value solutions. We firmly believe that the new semiconductor subsidiary will drive next-generation innovations meeting the requirements of our customers,” said CEO Naraya. 

Cyient’s IP portfolio, deep domain expertise, long-standing customer partnerships, and global capabilities will give Cyient Semiconductors the strategic edge to achieve significant growth, the company further said in a statement.

The semiconductor market is valued at approximately $600 billion and is projected to reach $2 trillion by 2032. The new subsidiary is expected to tap into this opportunity, focusing on developing fabless semiconductor solutions while addressing the increasing demand for specialized semiconductor expertise.