Sasken Technologies gains on joining hands with Qualcomm

Sasken Technologies and Qualcomm have joined forces to extend engineering and customization support for the automotive customer base. Reacting to the news, the stock of Sasken rose by more than 4 per cent.

Qualcomm Technologies Inc. is a subsidiary of Qualcomm Incorporated, which, together with Sasken Technologies, aims to bring quality engineering and customization support for automotive Tier-1 customers. Sasken’s global engineering teams will support the customers by deploying automotive platforms and solutions from Qualcomm Technologies. The solutions built by Sasken are based on Qualcomm Snapdragon Automotive Cockpit Platforms and Qualcomm Automotive Wireless Solutions. This will enable Sasken to support Tier-1 companies absorb in the automotive ecosystem easily and deliver software, which will meet the industry’s growing needs. It will also help both the companies in expanding their consumer volumes. Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated.

Nakul Duggal, Senior Vice President, Product Management, Qualcomm Technologies, said that this opportunity enables the company to expand its presence in the industry through working with Sasken’s knowledgeable technical and customer support. Rajiv C Moody, Chairman, managing Director, and CEO of Sasken Technologies, added that this partnership will allow the company to offer critical engineering support through the entire product development life-cycle.

Additional Sasken Technologies also announced that it has become a part of MediaTek Inc’s Rich IoT program, through which, Sasken will be able to leverage its knowledge of silicon platforms, connectivity, imaging, and smartphone integration to make home and industrial appliances more intelligent. The collaboration will offer consumers with appliances suitable for smart homeband smart enterprises applications.

Sasken Technologies is a specialist in product engineering and digital transformation providing concept-to-market, chip-to-cognition R&D services.

On Wednesday, the stock of the company closed at Rs 616.15, up by 4.38 per cent or Rs 25.85 per share. The intraday high was Rs 641.75 and intraday low was Rs 576.70. Th 52-week high is Rs 774 and 52-week low is Rs 473 on the BSE.