HCL Technologies Ltd announced on Tuesday that it has expanded its partnership with the semiconductor intellectual property (IP) cores provider Computer Aided Software Technologies (CAST) Inc. for customised chips.
HCL Technologies and CAST have announced plans for scaling their partnership aimed at offering customised chips in order to help original equipment manufacturers (OEMs) accelerate their digital transformation as well as automation journeys across multiple industries.
As part of the expansion plans, the Indian IT major will enhance the design verification, emulation and rapid prototyping of the company’s turnkey SoC (system-on-chip), which will be done by leveraging silicon-proven IP cores and controllers from CAST, HCL Technologies informed the stock exchanges in a filing.
This will help OEMs across industries like automotive, consumer electronics and logistics, to significantly reduce their engineering risk and development costs, read a press release by HCL Technologies dated March 19.
serve its purpose for CAST across different industries, which will include automotive, consumer electronics and logistics, thereby significantly reducing not just their engineering risks but also development costs.
HCLTech and CAST, both have a decades-long heritage of delivering superior semiconductor SoC solutions to respective customers as well as partners, and working together would only enhance the efficiency, reliability, and user-friendly nature of semiconductor SoCs.
“CAST shares our vision for innovative, industry-leading electronic systems design. Their high-quality and well-supported IP cores, coupled with HCLTech’s system integration design expertise, will enable us to deliver superior custom chips to our customers worldwide,” stated the President of Engineering and R&D Services business of HCL Technologies, Vijay Guntur.
Shares of HCL Technologies were trading 2.11% lower at ₹1,608.70 apiece on the NSE at 2:36 pm.
(Edited by : Ajay Vaishnav)
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