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Hot Pursuit News

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(03 Jun 2024, 17:00)

Moschip Tech hits the roof on bagging Rs 509-cr order

Moschip Technologies was locked in upper circuit of 10% at Rs 142.20 after the company secured a contract from the Centre for Development of Advanced Computing (CDAC) for Rs 509.37 crore.

The contract involves the development of a high-performance computing (HPC) SoC (System on a Chip) using 5nm (nanometer) technology, a pivotal step that is expected to open significant domestic and international market opportunities.

This project aims to propel India to the forefront of semiconductor innovation, substantially enhancing the country's prowess in advanced high-performance computing and microelectronics.

Srinivasa Rao Kakumanu, MD & CEO said, “The award of this prestigious project is a testimony to the competencies of MosChip and this will also enhance the company’s capabilities in the Semiconductor space making it a niche solution provider. It has also come at a time when India is focusing on developing core strengths in the Semiconductor space to become a powerhouse ...

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