The shares of the semiconductor company gained up to 5 percent after the company announced a partnership with Renesas RZ Partner Ecosystem.
Moschip Technologies Ltd has a market capitalization of Rs 4,313.79 crore, the shares were trading at Rs 227.35 per share, increasing around 2.36 percent as compared to the previous closing price of Rs 222.10 apiece.
Reason for Rise:-
Today the shares of the company have seen positive movement after Moschip Technologies Ltd announced a partnership with Renesas RZ Partner Ecosystem to develop and deploy AI/ML-powered solutions that meet the growing demands of industries such as automotive, industrial automation, healthcare, consumer electronics, and more.
Moreover, As an AI/ML Design Partner in the Renesas RZ Partner Ecosystem, MosChip leverages its expertise to develop AI/ML-powered solutions like Smart Safety, Patient Monitoring, ADAS Brake Alert, and Pose Estimation, using Renesas RZ/V series MPUs to serve industries including automotive, healthcare, and industrial automation.
“Becoming an AI/ML Design Partner in the Renesas RZ Partner Ecosystem underscores MosChip’s commitment to advancing innovation in the AI/ML domain and delivering cutting-edge solutions across various sectors. It is a testament to our AI/ML capabilities that facilitate the development of intelligent products/solutions meeting the challenges of tomorrow” said Swamy Irrinki, SVP, of Worldwide Sales and Marketing at MosChip Technologies.
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Financial Analysis:-
Examining the company’s financial performance, revenue magnified by 41 percent from Rs 57.01 crore in Q1FY24 to Rs 80.35 crore in Q1FY25, and during the same time frame, net profit zoomed by 24 percent from Rs 3.21 crore and Rs 3.98 crore.
Strategic Partnerships & Acquisition;-
The company collaborates with a number of other companies, including AMD, LATTICE, MICROCHIP, SIEMENS, and others. Tenstorrent and MosChip Technologies established cooperation on March 24 to create Tenstorrent’s cutting-edge RISC-V solutions.
In the first quarter of fiscal year 24, the business paid Rs 142 crore for 100% of Softnautics Inc.’s outstanding capital. Out of the entire consideration, 67 Cr was paid in cash and the remaining 75 Cr was transferred via a share swap.
Strategic Initiatives & Expansion:-
The company has launched activities in artificial intelligence, application-specific standard products (ASSP), the RISC V platform, and other developing fields. In the Semicon Space, the
company has begun to move from a pure-play Design Services firm to a Turnkey ASIC (Application Specific Integrated Circuit) Solution provider. Turnkey ASIC projects frequently entail high-value, milestone-based contracts with fluctuating completion dates. MosChip has leased about 105K SFT of office space in Hyderabad, Bangalore, Ahmedabad, Pune, and the USA to support their expansion.
Company snapshot:-
Moschip Technologies Limited is an Indian semiconductor and system design services firm. The company specializes in product design and development services, which range from chip design to system development. The company operates in two segments: semiconductor and embedded.
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Written by:- Abhishek Singh
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