Moschip Technologies hits 5% upper circuit, surge 10% in two days; here's why

The company, in a filing to the stock exchanges on July 2, said that it has partnered with the Centre for Development of Advanced Computing (C-DAC) and Japan’s Socionext Inc. to design and develop a High-Performance Computing (HPC) Processor AUM based on Arm architecture.

As a result, the semiconductor and system design firm’s shares rose for the second day in a row on Thursday, gaining 10.2% during this period.

Through the partnership, Moschip Technologies will work on the design and development of an HPC Processor System-on-a-Chip (SoC) based on the Arm architecture that will be built on Taiwan Semiconductor Manufacturing Company’s (TSMC) 5nm technology node.

C-DAC has been established for the development and deployment of state-of-the-art supercomputing technology in India, and it is working towards complete indigenization. In this respect, C-DAC has developed the indigenous compute node RUDRA, Trinetra-Interconnect and System Software stack.

It is now working on designing an indigenous HPC Processor AUM, for which C-DAC is collaborating with the consortium of MosChip Technologies, India and Socionext, Japan, for the design and development of this HPC Processor AUM.

“Our indigenization efforts have reached more than 50% with server nodes, interconnects, and system software stack. Now for complete indigenization, we are aiming to develop indigenous HPC Processor AUM,” said the Ministry of Electronics and Information Technology (MeitY), in a press release.

The Director General of C-DAC, E Magesh said that the collaboration between the three parties has been designed to meet the evolving demands of High-Performance-Computing, along with related applications, while aiming to design, develop and produce indigenous HPC processor, which not only meets global standards but also propels India to the forefront in the supercomputing arena.