MosChip Technologies

MosChip Technologies secured a contract worth Rs 509.37 crore from the Centre for Development of Advanced Computing (CDAC) to design, develop, and deliver a high-performance computing SoC using 5nm technology. The contract lasts four years.

MosChip Technologies signed a share purchase agreement to acquire Softnautics Inc., a California-based product engineering solutions company, for $17.25 million. The acquisition will be completed next quarter and adds over 185 employees.