ASM Technologies partners with Myelin Foundry to deploy Edge-based AI in industrial manufacturing

ASM Technologies announced a strategic investment and strategic partnership in Myelin Foundry to deploy patented, high-performance AI solutions. ASM has signed definitive agreements to invest approximately 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 ASM's engineering design led manufacturing portfolio.