Shares of Blue Cloud Softech Solutions Ltd moved over 2% higher in trade after the company announced a strategic Memorandum of Understanding (MoU) with ConnectM Technology Solutions Pvt Ltd for the joint development of a semiconductor-based EdgeAI System-on-Chip (SoC) aimed at next-generation automotive cybersecurity solutions.
The announcement signals Blue Cloud Softech’s formal entry into the automotive semiconductor space, an area seeing rapid growth due to rising demand for secure, connected, and software-defined vehicles. Investors reacted positively to the long-term business visibility and the company’s expansion beyond software into high-value chip design and intellectual property ownership.
Under the MoU, Blue Cloud Softech Solutions will take the lead in the architecture, design, and development of an advanced EdgeAI SoC platform. The proposed semiconductor solution will integrate real-time threat detection, intrusion prevention, and continuous cybersecurity management, addressing increasing risks in connected vehicle ecosystems. The chip is being specifically engineered for use in critical automotive electronics such as Telematics Control Units (TCUs), Vehicle Control Units (VCUs), and other essential modules deployed in electric and connected vehicles.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
