Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global technology services and consulting company, today announced an expanded collaboration with Intel Foundry to accelerate chip design innovation. As the key Design Services and Alliance Partner, Wipro will work with Intel Foundry to accelerate the development of Intel's most advanced process nodes, including the Intel18A process node.
The global AI chip market is expected to grow at a CAGR of 38 percent annually from 2023 to 2032. This collaboration between Wipro and Intel Foundry is designed to address the rising demand for AI chip manufacturing, as companies race to roll out generative AI-enabled products.
Wipro's design services strength paired with Intel Foundry's manufacturing prowess will enable clients, especially across heavy industries, such as automotive, industrial, and telecommunications sectors, to leverage Gen AI-driven designs and foundry services to drive ongoing innovation.
Atul Kapur, Vice President & Business Head - HiTech, Wipro Limited, said, "This new collaboration with Intel Foundry marks a significant step towards becoming a part of the semiconductor industry. This creates opportunities for Wipro and supports chip supply and chip manufacturing. Together, with Intel, we will deliver silicon devices to our clients with proven industry-standard flows and process technologies from Intel Foundry. We will be targeting new startup markets, especially in the Gen AI space, helping our clients further shorten the time to market."
Harmeet Chauhan, Global Head of Wipro Engineering Edge, added, "We are thrilled to collaborate with Intel Foundry as the key Design Services Alliance Partner. Wipro is ready to take client designs and run them on Intel18A technology immediately. Our collaboration on AI and its successful application to design flows will yield tremendous benefits to our clients. Wipro will leverage Intel's strong worldwide fabrication plants to ensure silicon availability by delivering a geo-diverse and resilient semiconductor supply chain that enables clients across businesses and geographies to address their silicon shortage problems."
Rahul Goyal, Vice President & General Manager, Product & Design Ecosystem Enablement, Intel Foundry said, "We are delighted to have Wipro join us and demonstrate their readiness for our platforms at Intel Foundry Direct Connect. Wipro has a long history of delivering value across a range of industries, and we are excited to partner with them for the benefit of our mutual global customers."
Wipro's $1B investment in the ai360 ecosystem, combined with this collaboration with Intel on AI driven chip manufacturing, will help businesses achieve their growth goals.
Intel Foundry's user-friendly adoption process, combined with Wipro's robust IP expertise in areas such as DDR, HBM, PCIe, CXL, OPIO, RLINK/DP PHY, FIVR/LDO, will enhance the time-tomarket and bring significant benefits to clients in design verification, and physical design.
Shares of Wipro Limited was last trading in BSE at Rs. 531.80 as compared to the previous close of Rs. 535.25. The total number of shares traded during the day was 168201 in over 5145 trades.
The stock hit an intraday high of Rs. 538.20 and intraday low of 526.20. The net turnover during the day was Rs. 89604938.00. |
