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3rd Jul 2025 · SEBI-Registered Analyst

Cyient – Engineering the Brains of Tomorrow’s Semiconductors

Company Overview Founded: 1991 Headquarters: Hyderabad, India Core Focus: Engineering, Design, and Technology services (ESDM, Digital, Embedded Systems) Sectors Served: Aerospace, Defense, Automotive, Industrial, Railways, Semiconductor Role in the Semiconductor Ecosystem ->Design & Engineering Services:- Cyient is a fabless enabler — It does not manufacture chips, but supports global chipmakers in: VLSI design (Front-end and Back-end) ASIC, SoC, FPGA design Embedded Systems for chip-level applications RTL verification & validation -> Semiconductor Clients Works with global semiconductor leaders in the US, Europe, and Japan. Key contribution is IP design, prototyping, verification – crucial steps before chip fabrication. ->

CYIENT
DLM (Design Led Manufacturing) A specialized arm focusing on high-reliability electronics for Aerospace, Medical, and Semiconductor instruments. Offers electronics manufacturing, box builds, PCBA, and testing — which supports semiconductor equipment manufacturing. Strategic Semiconductor Projects ***** Services Full chip design and tape-out support for clients ***** Systems Custom software-hardware co-design for chip-level applications ***** & Validation Cyient tests complex chip architectures pre-fab ***** Manufactures devices used in chip testing and embedded computing . Expansion in Semiconductor Vertical Acquired AnSem (Belgium) – Analog & Mixed Signal ASIC design firm Investing in AI & Edge Computing SoCs and automotive-grade microcontrollers Supporting clients in RISC-V and IoT chip design Financials & Business Relevance (FY24–25) Revenue from Semiconductor & Embedded: Growing at 20–25% CAGR Margins: Higher than other service segments due to high-skill design work Beneficiary of: Global chip demand recovery China+1 diversification Government’s Semicon India push and PLI schemes Cyient is not a chipmaker, but a brain behind the chips.

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