India’s HCL Technologies confirmed to QA Financial it has struck a partnership with semiconductor intellectual property cores provider Computer Aided Software Technologies (CAST), based in New York City.
The partnership is aimed at testing the quality and reliability of a range newly developed customised chips that should soon power a range of apps and digital solutions at financial services firms.
HCL Technologies, doing business as HCLTech, said it plans to test and trial the design verification, emulation and prototyping of the company’s new turnkey SoC solutions, or system-on-chip, which will be done by leveraging CAST’s silicon-proven IP cores, testing models and controllers.
“This will enable us to test and deliver custom chips to banks and financial services worldwide”.
– Vijay Guntur
According to HCLTech’s president of engineering and R&D services, Vijay Guntur, the deal evolves around the ability to offer customised chips in order to accelerate the digital transformation and automation processes across banking, insurance, asset management and other financial services.
“It will help firms to significantly reduce not just their engineering risks but also development costs,” Hyderabad-based Guntur explained.
“CAST shares our vision for this electronic systems design,” he added.
“Their high-quality and well-supported IP cores, coupled with HCLTech’s system integration design expertise, will enable us to test and deliver custom chips to banks and financial services worldwide,” Guntur stressed.
HCL Technologies is a global multinational information technology consulting giant, headquartered in Noida, India.
Founded by Shiv Nadar, it was spun out in 1991 when HCL entered into the software services business. The company has offices in 52 countries and close to 226,000 employees.
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