As per Wipro’s exchange filing, the deal with Intel Foundry will cater to chip designs for clients across automotive, industrial and telecommunications verticals, and be used for generative AI-driven designs.
Wipro share price: The stock surged 5.16 to scale a one-year high of Rs 545. At this price, it has gained 54.90 per cent from its 52-week low value of Rs 351.85, a level seen on April 17 last year.
India-based IT services giant Wipro Ltd. (NYSE: WIT) acquired a majority stake in Aggne Global Inc., a US-based provider of IT services for the insurance and insuretech industries with a focus on the Duck Creek platform. Duck Creek is a suite of cloud-based, low-code products that enable property and casualty insurers to fast-track product development, according to Wipro.
Wipro has made it to the headlines as the company has announced a massive deal of Rs 548 crore. Wipro has revealed that it is investing Rs 5480000000 to acquire US-based Aggne Global Inc.