The Memorandum of Understanding (MOU) signed between them is aligned with MEITY’s (Ministry of Electronics and Information Technology, India) goals of building a vibrant semiconductor design and innovation ecosystem to enable the emergence of India as a global hub for electronics manufacturing and design.
IITH and WiSig developed the Koala chip, and Cyient enabled the IC {integrated circuit) design for this project. Volume production of the NB-loT SoC includes the development of a package, production test solution suited for volume production, organization of silicon fabrication, volume testing of the IC, and the management of supplying the chip.
Krishna Bodanapu, MD and CEO of Cyient, said, “We are proud to be part of this momentous project that puts India on the map on Semiconductor design innovation. We started with enabling the design of India’s first indigenously developed NB-lo T SoC chip with partners IIT-H and WiSig Networks. We are excited to join hands with them toward commercializing this SG chip in the country. I thank these partners and MEITY for their trust in our expertise.”
NB-loT is a 5G massive Machine-Type-Communication {MTC) technology, a fast-growing one, that enables low-bit rate lo T applications with long-range and extends device battery life up to 10 years. Smart meters, machine-to-machine connectivity, Industry 4.0, a plethora of sensor connectivity, asset tracking, digital healthcare, and many more applications will benefit by using this NB-loT chip.
Cyient is currently trading at Rs866.40 down by Rs18.45 or 2.09% from its previous closing of Rs884.85 on the BSE. The scrip opened at Rs879 and has touched intraday high and low of Rs879 and Rs861.05 respectively.
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