NXP Semiconductors selects TCS as a strategic partner to drive IT innovation; Stock up over 1%

Tata Consultancy Services to help NXP reimagine user experience and accelerate innovation.

Sep 13, 2021 03:09 IST India Infoline News Service

Tata Consultancy Services
Tata Consultancy Services (TCS) 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 business centric operating model that harnesses synergies across the value chain.

The company said in a filing that 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.

At close of trade on Monday, Tata Consultancy Services Ltd was trading at Rs3,841.50 per piece up by Rs49.75 or 1.31% from its previous closing of Rs3,791.75 per piece on the BSE.

“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 future ready 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.

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