Wipro and Intel foundry join forces to advance AI-driven design

About Partnership

Wipro is partnering with Intel Foundry to accelerate innovation in chip design, particularly for AI applications. The collaboration aims to address the rising demand for AI chip manufacturing, driven by companies seeking generative AI solutions. The partnership will leverage Wipro’s design expertise and Intel Foundry’s manufacturing prowess, empowering clients in sectors like automotive and telecommunications to leverage Gen AI-driven designs and foundry services.

The collaboration will offer faster market entry, leverage Intel’s worldwide fabrication plants, and address chip shortages across industries and regions. Wipro’s USD 1 billion investment in the AI ecosystem demonstrates its commitment to empowering businesses with cutting-edge AI chip solutions. Clients benefit from advanced AI chip designs, reduced time-to-market, a resilient supply chain, and a combination of Wipro’s design expertise and Intel Foundry’s manufacturing knowledge, enabling faster chip production and addressing potential shortages, while also benefiting from Intel’s global manufacturing network.

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, and FIVR/LDO, will enhance the time-to-market and bring significant benefits to clients in design verification, and physical design.

Wipro Share Price Movement

The share of Wipro is currently trading at Rs 531.40, down by 0.40 points or 0.08% as compared to the previous day’s closing of Rs 531.80. The share price opened at Rs 536 and touched an intraday high and low of Rs 536 and Rs 530.40 respectively. The share has a 52-week high and 52-week low of Rs 546.10 and 351.85, respectively.

About the company

Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses.

With nearly 240,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.