It is worth noting that the shares have soared by 10.23 percent in the last two trading sessions.
SI Reporter New Delhi
Moschip Tech extends its rally: Moschip Technologies shares extended their rally on Thursday, July 4, after announcing a partnership with C-DAC and Socionext for the design and development of the AUM high-performance computing processor based on the Arm architecture.
It is worth noting that the shares have risen by 10.23 percent in the last two trading sessions.
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However, by 10:35 am, the stock had left its highs and was trading 4.01 per cent higher at Rs 300.95 per share. In comparison, BSE Sensex was trading 0.28 per cent higher at Rs 80,208.43.
In a filing with the stock exchange, the company said: “The Center for Development of Advanced Computing (C-DAC) has partnered with MosChip Technologies and Socionext Inc. for the design and development of a high-performance computing (HPC) SoC processor based on the Arm architecture and built on TSMC’s (Taiwan Semiconductor Manufacturing Company Limited) 5nm technology node.”
Read also: Stocks to buy and sell on July 4: Bhel, Lupin, Firstsource Solutions
As part of this initiative, C-DAC has engaged Keenheads Technologies, an Indian startup, as a Program Management Consultant (PMC).
They are collaborating with a consortium led by MosChip Technologies, India, and Socionext Inc., Japan, to design and develop the indigenous AUM HPC processor.
This processor uses the high-performance Arm Neoverse V2 CPU platform and incorporates advanced packaging technology, ensuring ownership of unique capabilities and a competitive advantage.
“This collaboration is designed to meet the evolving demands of high-performance computing and related applications and aims to design, develop and produce indigenous HPC processors, which not only meet global standards but also propel India to the forefront in the field of supercomputing,” said E Magesh, CEO, C-DAC.
Founded in 1999, MosChip is a fabless semiconductor company with over two decades of experience. Specializing in turnkey ASICs, mixed-signal IP, semiconductor engineering, and IoT products and solutions, MosChip serves a variety of industries including aerospace and defense, consumer electronics, automotive, medical, and networking and telecommunications.
Over its history, MosChip claims to have shipped millions of connectivity ICs and established a strong presence in IoT solutions such as smart lighting, smart metering and asset tracking, which have been widely deployed in significant volumes.
Moschip Technologies’ market capitalization is Rs 5,618.72 crore, according to the Bombay Stock Exchange (BSE).
