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Wipro Joins Intel Foundry Services’ Accelerator Alliance to Speed up the Chip Design Cycle
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Rhea-AI Summary
Wipro Limited (NYSE: WIT) has joined the Intel Foundry Services Accelerator – Design Services Alliance, aiming to enhance chip design services amidst ongoing global chip shortages. This alliance will leverage Wipro's extensive experience in semiconductor engineering and Intel's advanced technology to streamline the development of complex System on Chip (SoC) and application-specific integrated circuits (ASIC). With over 250 designs completed, Wipro seeks to expedite time-to-market for clients across various sectors, including 5G, cloud, and automotive industries.
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Partnership with Intel Foundry Services to enhance chip design capabilities.
Over 250 ASIC/SoC designs developed, showcasing Wipro's expertise.
Wipro's extensive industry experience aids in addressing chip shortages.
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Alliance designed to spur customer innovation in chip design and manufacturing and turn revolutionary ideas into implemented realities
NEW YORK & BANGALORE, India--(BUSINESS WIRE)--
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that it has joined Intel Foundry Services Accelerator – Design Services Alliance to support complex System on Chip (SoC) and application-specific integrated circuit (ASIC) designs, and power up products ranging from smartphones to sports cars.
“We are thrilled to join IFS Accelerator – Design Services Alliance at this critical time in the global economy where chip shortages are taking a real toll on business growth,” said Harmeet Chauhan, Senior Vice President and Global Head of Engineering and R&D at Wipro Limited. “Wipro has the scale, talent, and the global presence required to accelerate chip design and develop dynamic solutions for the largest companies in every sector—from 5G and cloud to automotive and everything in between. This alliance with IFS will combine our strengths in end-to-end chip design with Intel’s cutting-edge process and packaging technology to achieve faster time to market.”
“We are pleased to announce the IFS Ecosystem Alliance as a major step forward for Intel's foundry ambitions,” said Rahul Goyal, Vice President and GM, Intel Product & Design Ecosystem Enablement. “We are delighted to have Wipro join the alliance as a charter design services partner. Wipro is a global company with 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.”
As the world’s leading chip design services company, Wipro has been providing semiconductor engineering services to the world’s leading companies for over 30 years. In fact, Wipro currently works with 80 percent of the world’s top semiconductors, as well as three-quarters of the top hyper-scalers, delivering an end-to-end product and full-spectrum capability—everything from integrated circuit design and product specification to pre- and post-silicon validation and life cycle management—to clients.
With more than 250 ASIC/SOC designs on multiple submicron process technologies and 75 systems developed in the last three years alone, Wipro's silicon engineering services pave the way when it comes to chip innovation.
About Wipro
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
