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Cyient Ltd's shares rose 7% after announcing expansion of semiconductor business with a new subsidiary focused on ASIC turnkey design and manufacturing.
Cyient Ltd, an IT services firm, saw shares rise 7% after announcing a strategic expansion of its semiconductor business with a new fully-owned subsidiary.
This move aims to enhance capabilities in ASIC turnkey design and manufacturing.
The global semiconductor market is forecast to reach $1 trillion by 2030, and India aims to grow its electronics and semiconductor industry to $100 billion by 2030, with India's government approving three semiconductor plant proposals and a Rs 1.26 lakh crore investment.
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Las acciones de Cyient Ltd subieron un 7% tras anunciar la expansión del negocio de semiconductores con una nueva filial centrada en el diseño y la fabricación de ASIC llave en mano.