MosChip Technologies secures over Rs 500 cr contract from CDAC

New Delhi: Semiconductor and system design services firm MosChip Technologies has said that it secured a contract of Rs 509.37 crore from the Centre for Development of Advanced Computing (CDAC).

This significant contract involves the development of a high-performance computing (HPC) SoC (System on a Chip) using state-of-the-art 5nm (nanometer) technology, according to the company.

The contract will last for four years (inclusive of support and maintenance provisions).

According to Srinivasa Rao Kakumanu, MD & CEO of MosChip Technologies, this development comes at a time when “India is focusing on developing core strengths in the semiconductor space to become a powerhouse for the global market”.