Qualcomm is a semiconductor and software company that creates technologies related to wireless technology. Its products are used in smartphones, tablets, laptops, wearables, connected cars, and smart home devices.
Qualcomm is among the biggest chip makers in the world.
After Sasken Technologies Ltd. announced its partnership with Qualcomm Technologies Inc. via the Qualcomm IoT (Internet of Things) Accelerator Programme, the company’s shares on Wednesday rose as much as 13 percent to reach a new 52-week high.
Currently, Sasken Technologies Share price is 1,168.00.
Sasken Technologies stated in a filing to the stock exchanges on Tuesday that this alliance is intended to address the difficulties that different businesses have in their IoT efforts, such as attaining seamless integration, scalability, and security.
The agreement, which combines Qualcomm technology’ industry-leading wireless technology with Sasken’s end-to-end IoT capabilities, is expected to provide organizations with cutting-edge solutions that drive up productivity, efficiency, and transformational growth.
According to Sasken Technologies, this partnership represents a significant step forward for IoT innovation and underscores both companies’ dedication to advancing the market for connected goods and services in the future.
What Atul Suri(VP, of Strategy and Analysis, global head of business development and partnerships at Qualcomm Technologies,) said about this Partnership.
“The Qualcomm IoT Accelerator Programme is designed to create a robust ecosystem of connected IoT devices, driven by collaborations that can transform industries, business models, and experiences,”
Atul Suri(VP Strategy and Analysis, global head of business development and partnerships at Qualcomm Technologies)
Sasken Technologies, which holds numerous patents, works in product engineering and digital transformation.
Here are some patents of Sasken Technologies
Sasken Technologies has a portfolio of over 1,000 patents granted and pending worldwide. The company’s patents cover a wide range of technologies, including:
- Automotive: Autonomous driving, advanced driver assistance systems (ADAS), vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, and electric vehicles.
- Semiconductor: Chip design, verification, and test; and embedded systems.
- Consumer electronics: Smartphones, tablets, wearables, and smart home devices.
- Enterprise software: Cloud computing, big data, and artificial intelligence.
- Medical devices: Wearable medical devices, implantable medical devices, and medical imaging devices.
Sasken Financials
With a 15% CAGR in stock price over the past three years, Sasken Technologies Ltd. has a market capitalization of Rs 1,804 crore. The business recorded net sales of 447 crores and a net profit of 99 crores for FY23. Sasken Technologies Ltd. shares increased in price on Wednesday, reaching Rs. 1,185.20 a share, with an intraday high of Rs. 1,213.00 and a low of Rs. 1,091.55. As of June 2023, the firm’s promoters owned around 43% of the corporation.
References: Sasken Technologies
This article is for Educational purpose .Do not invest on behalf of information provided in the article. Please consult an expert before making decisions We are not SEBI registered advisor .