Hyderabad-based engineering firm Cyient has launched its semiconductor subsidiary, Cyient Semiconductors, with a $100 million investment approved by its board. The new unit will focus on application-specific integrated circuit (ASIC) turnkey solutions and integrated chip (IC) design services, aiming to generate $35 million to $40 million in revenue, approximately 5% of Cyient's total revenue. Operations will extend across India, the US, Germany, Belgium, the Netherlands, and Taiwan.