NXP Semiconductors Selects TCS as a Strategic Partner to Drive IT innovation

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT service, consulting, and business solutions organization, will help NXP, a world leader in secure connectivity solutions for embedded applications, enrich its user experience and accelerate digital transformation.

NXP is driving innovation in the automotive, industrial & IoT, mobile, and communication infrastructure markets. The semiconductor manufacturer selected TCS as its strategic partner to drive its integrated IT services strategy across applications, IT infrastructure and workplace services spanning enterprise, manufacturing and engineering functions.

Leveraging its unique Machine First™ approach, deep contextual knowledge of the semiconductor industry and proven capabilities across next-gen technologies such as AI and automation, TCS will develop a businesscentric operating model that harnesses synergies across the value chain.

The new, secure IT landscape will significantly improve operational resilience, speed up innovation and drive a superior user experience. Additionally, TCS will accelerate NXP's cloud adoption to further enhance business agility and build a future-ready digital foundation that supports its growth and transformation agenda.

"TCS demonstrated an understanding of NXP's environment and identified transformational opportunities. They will be a crucial partner in building our vision of an agile and lean IT environment that is essential to keep pace with our ever-growing drive to innovate," said Olli Hyyppa, Chief Information Officer and Senior Vice President, NXP Semiconductors.

"We are delighted to expand our decade-long strategic partnership with NXP to help them build a new futureready digital core and drive digital transformation. The new IT operating model will be better aligned with business and will leverage our Machine First philosophy to drive leaner, more resilient operations, elevating the user experience and enhancing NXP's future growth," said V Rajanna, Global Head, Technology Business Unit, TCS.

Shares of Tata Consultancy Services Ltd. was last trading in BSE at Rs. 3791.75 as compared to the previous close of Rs. 3774.1. The total number of shares traded during the day was 38234 in over 3319 trades.

The stock hit an intraday high of Rs. 3809.7 and intraday low of 3765.15. The net turnover during the day was Rs. 144753190.

Source : Equity Bulls

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