04 Jul , 2024 By : Debdeep Gupta
Shares of Moschip Technologies were on an upward swing for the second day on July 4 after the company had reported a partnership with the Centre for Development of Advanced Computing (C-DAC) for the design & development of high-performance computing processor AUM based on Arm architecture.
The stock price was trading 3.16 percent higher at Rs 298.50 apiece on BSE at 11:17 am after opening at a day’s high of Rs 303.80 apiece. On July 3, the shares closed nearly 5 percent higher. In the last two trading sessions, the stock has posted gains of around 10 percent.
On July 1, the ministry of Electronics and IT (MeitY) said C-DAC has partnered with MosChip Technologies and Socionext Inc for the design and development of a high-performance-computing (HPC) processor SoC, which is based on the Arm architecture and built on TSMC (Taiwan Semiconductor Manufacturing Company Limited) 5nm technology node.
C-DAC is working towards the complete indigenization of supercomputing technology in the country and has developed indigenous compute node RUDRA, Trinetra-Interconnect, and System Software stack, the ministry said.
Under the agreement with MosChip and Socionext, C-DAC will develop a high-performance Arm Neoverse V2 CPU platform and incorporate advanced packaging technology.
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