New Delhi, Nov. 17 -- Hyderabad-headquartered Cyient Semiconductors and Azimuth AI jointly announced the launch of a new chip, a power semiconductor chip, for use in smart meter applications, among a wide range of other applications.

Azimuth led the design of the chip, and they will sell the chip, Krishna Bodanapu, Executive Vice-Chairman and Managing Director, Cyient Semiconductors, told ANI on Monday.

"Cyient Semiconductor developed the chip. And it is the first of a kind power chip to be designed in India," Bodanapu said. "The IP will reside in India. And with all the smart meters that are coming up in India, this is a very big step because this is the first indigenously designed chip that is being launched."

Asked about the timelin...