ASM Technologies and Myelin Foundry Forge Strategic Partnership

ASM Technologies Ltd (BSE: ASMTEC), a global engineering design-led manufacturing company, today announced a strategic investment and strategic partnership in Myelin Foundry Private Limited to deploy patented, high-performance AI solutions. ASM has signed definitive agreements to invest approximately INR 48 crore to acquire an aggregate 20% stake in Myelin Foundry.

This will address evolving industry requirements across semiconductor, electronics, solar and engineering, where real-time operational intelligence and equipment reliability are increasingly critical.

The partnership integrates Myelin's "edge-first" AI stack-specializing in predictive intelligence and multimodal analytics-directly into ASM's engineering design led manufacturing portfolio.

Bridging the Gap between AI and the Factory Floor

While many AI solutions remain confined to data centres, this partnership focuses on Edge AI: processing complex data directly on the machines. The rollout will be focusing on:

- Predictive Maintenance: Moving from reactive repairs to data-driven forecasting to eliminate unplanned downtime.

- Multimodal Analytics: Fusing data from sensors, vision, and acoustics for a 360-degree view of machine health.

- AI-Augmented Operations: Empowering human operators with real-time, intelligent assistance to improve safety and precision.

- Sustainability & Efficiency: Optimizing energy consumption and resource allocation through autonomous system adjustments

Rabindra Srikantan, Managing Director, ASM Technologies Ltd, said, "ASM has been progressively integrating AI across our engineering design-led manufacturing and automation solutions. This strategic investment in Myelin Foundry strengthens our technology foundation by adding advanced edge-based AI capabilities. The collaboration will enable us to deliver intelligent capital equipment for semiconductor, electronics, solar and engineering ecosystems as they move towards smarter manufacturing environments that enhance yield, through put, equipment reliability with predictive real time intelligence.

Gopichand Katragadda, Founder and CEO, Myelin Foundry, said, "Industrial AI must operate reliably in real production settings where decisions are made in real time. The investment from ASM Technologies allows us to scale our multimodal AI platforms across global manufacturing ecosystems and demonstrate the impact of edge intelligence at the machine level. Together, we aim to accelerate the shift towards autonomous, efficient and data-driven manufacturing."

Shares of ASM TECHNOLOGIES LTD. was last trading in BSE at Rs. 2638.05 as compared to the previous close of Rs. 2693.40. The total number of shares traded during the day was 11722 in over 1558 trades.

The stock hit an intraday high of Rs. 2778.95 and intraday low of 2615.10. The net turnover during the day was Rs. 31696798.00.

Source : Equity Bulls

Keywords

ASMTECHNOLOGIES INE867C01010 StrategicPartnership MyelinFoundry