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ASM Technologies Ltd has acquired a 20% stake in Myelin Foundry for INR 48 crore, forming a strategic partnership to advance AI solutions in manufacturing. This collaboration targets semiconductor, electronics, solar, and engineering industries by integrating Myelin's edge-first AI stack, which emphasizes predictive intelligence and multimodal analytics.

The partnership aims to implement predictive maintenance, multimodal analytics, AI-augmented operations, and enhance sustainability and efficiency in manufacturing. The integration of advanced edge-based AI capabilities is expected to improve machine reliability and operational efficiency.