HYDERABAD, India, Nov. 15,
2024 /PRNewswire/ -- Cyient, a global Intelligent
Engineering services company, today announced the expansion of its
partnership with Allegro MicroSystems, Inc. ("Allegro
MicroSystems") (Nasdaq: ALGM), a global leader in power and sensing
solutions for motion control and energy efficiency, with the
inauguration of a Center of Excellence (CoE) in Hyderabad, India.
The CoE, located at Cyient's Manikonda Campus, will focus on
developing next-generation magnetic sensors and power semiconductor
products for the automotive industry. The state-of-the-art facility
was inaugurated by Allegro MicroSystems President & CEO
Vineet Nargolwala in the presence of
Max Glover, Senior Vice President WW
Sales, Allegro MicroSystems, and Suman
Narayan, Senior Vice President, Products, Allegro
MicroSystems.
The CoE will house over 100 skilled engineers specializing in
key areas such as post-silicon validation, design verification,
analog design, analog mixed-signal verification, and embedded
systems. This expansion significantly strengthens Allegro
MicroSystems's presence in India,
providing access to a highly skilled talent pool and fostering
collaboration within the vibrant Indian technology ecosystem.
The CoE will play a crucial role in accelerating the development
of Allegro MicroSystems's sensor and power integrated circuit (IC)
product portfolios, which are essential components in electric
vehicles, advanced driver-assistance systems (ADAS) and other
automotive applications. By leveraging Cyient's expertise in
India, Allegro MicroSystems aims
to bring innovative products to market faster and more efficiently.
The collaboration will also focus on addressing key industry
trends, including the increasing demand for magnetic sensors in
electric vehicles, the rise of high-power devices such as SiC and
GaN and the growing importance of embedded systems and
platforms.
"India's rapidly growing
automotive market presents a tremendous opportunity for Allegro
MicroSystems," said Vineet
Nargolwala, CEO of Allegro MicroSystems. "This CoE
established with Cyient's partnership, will enable us to accelerate
innovation in magnetic sensors and power semiconductors, delivering
cutting-edge solutions that address the evolving needs of the
automotive industry. This investment reinforces Allegro
MicroSystems's commitment to driving e-mobility, clean energy and
automation forward, aligning perfectly with our vision for a safer,
more sustainable and autonomous future."
"Our relationship with Allegro MicroSystems has flourished over
the past two years and we are incredibly proud of the team and the
contributions they have made to Allegro MicroSystems's product
portfolio. Semiconductors are at the heart of innovation across
industries and this CoE strengthens Cyient's position as a leading
partner for companies seeking to develop and manufacture
cutting-edge semiconductor products," said Krishna Bodanapu,
Executive Vice-Chairman & Managing Director, Cyient.
This collaboration marks a significant milestone for both
companies, reinforcing their commitment to driving innovation in
the automotive semiconductor market. The CoE will not only
contribute to the growth of the semiconductor industry in
India but also support the global
automotive industry's transition towards a more sustainable and
technologically advanced future.
About Allegro MicroSystems
Allegro MicroSystems, Inc.
is leveraging more than three decades of expertise in
magnetic sensing and power ICs, to propel automotive,
clean energy and industrial automation forward with solutions
that enhance efficiency, performance and sustainability.
Allegro MicroSystems's commitment to quality drives
transformation across industries, reinforcing our status as a
pioneer in "automotive grade" technology and a partner in our
customers' success. For additional information, please
visit
https://www.allegromicro.com/en/.
About Cyient
Cyient (Estd: 1991, NSE: CYIENT) delivers
Intelligent Engineering solutions for creating a digital,
autonomous and sustainable future for over 300 customers, including
30% of the top 100 global innovators. As a company, Cyient is
committed to designing a culturally inclusive, socially responsible
and environmentally sustainable tomorrow together with our
stakeholders. For more information, please visit
www.cyient.com.
Cyient Contact:
Gowtham Uyalla
Kaizzen PR
gowtham.uyalla@kaizzencomm.com
Phalguna Hari Jandhyala
Cyient
phalguna.harijandhyala@cyient.com
Allegro MicroSystems Contact:
Tyler Weiland
Corporate Communications
(972) 571-7834
tweiland.cw@allegromicro.com
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SOURCE Cyient