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ASM Technologies enters into strategic partnership with Myelin Foundry

20 Feb 2026 Evaluate

ASM Technologies has entered into strategic partnership with Myelin Foundry to deploy patented, high-performance AI solutions. Under the partnership, the company will invest around Rs 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 the company’s engineering design led manufacturing portfolio. 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, Multimodal Analytics, AI-Augmented Operations and Sustainability & Efficiency. 

ASM Technologies, established in 1992, is a publicly-listed company in India with global presence in USA, Singapore, UK, Canada, Mexico and Japan. The company has been providing world class consulting and product development services in the areas of Engineering Services and Product R&D with successful Offshore Development & Support Centers in India and Overseas for its global clientele.

ASM Technology Share Price

3267.55 55.95 (1.74%)
21-Apr-2026 12:29 View Price Chart
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