Investment20 Feb 2026, 12:31 pm
ASM Technologies Invests in Myelin Foundry to Deploy Edge-Based AI in Manufacturing
AI Summary
ASM Technologies Ltd, a global engineering design-led manufacturing company, has announced a strategic investment and partnership with Myelin Foundry Private Limited. ASM will invest approximately INR 48 crore to acquire a 20% stake in Myelin Foundry, integrating its 'edge-first' AI stack into ASM's manufacturing portfolio. This partnership focuses on Edge AI, aiming to enhance equipment uptime, operational intelligence, and sustainability in semiconductor, electronics, solar, and engineering industries. The collaboration will deliver predictive maintenance, multimodal analytics, AI-augmented operations, and energy optimization.
Key Highlights
- ASM Technologies to invest INR 48 crore in Myelin Foundry
- ASM to acquire 20% stake in Myelin Foundry
- Partnership aims to modernize industrial manufacturing with Edge-Based AI
- Collaboration to improve equipment uptime, operational intelligence, and sustainability
- Focus on semiconductor, electronics, solar, and engineering industries