Stock market update: Stocks of this company gain as it enters into JV with Byte Eclipse Technologies

Byte Eclipse will sell this chip through its network in the US and Europe to sectors such as industrial automation, IoT, automotive telematics, and EV charging infrastructure.

Shares of IT company Blue Cloud Softech Solutions Limited are trading higher today. At the time of writing the report, the company’s stock was trading 1.19% higher, or 0.27 rupees, at 22.95 rupees on the BSE. This rise in the stock comes after the company released its latest exchange filing today. In its latest exchange filing before market hours this morning, the company announced that it has entered into a joint venture (JV) with its US partner, Byte Eclipse Technologies Inc., further expanding its previously signed strategic collaboration agreement. This JV is designed for the design, manufacturing, and global marketing of Edge-AI microprocessor chipsets. These chipsets will be developed using technology transfer from an Israeli R&D partner.

Under this joint venture, Blue Cloud will develop a next-generation Edge-AI chip called ‘EclipseX1’, designed for high-reliability and low-latency AI applications. Byte Eclipse will sell this chip through its network in the US and Europe to sectors such as industrial automation, IoT, automotive telematics, and EV charging infrastructure.

This JV is for five years, and Byte Eclipse has been given exclusive rights in specified sectors in the US and Europe. This partnership is expected to generate a business potential of US$65-80 million.

Technology-wise, EclipseX1 is a custom RISC-V-based Edge-AI SoC, featuring a Neural Processing Unit (NPU), a security engine, and TensorFlow Lite and ONNX support. It delivers 12 TOPS of AI performance from just 10W of power.

This chip will be useful in several industries, such as:

1. Industrial automation: for real-time control, sensor fusion, and predictive maintenance
2. Automotive telematics/TCM: for ADAS, diagnostics, and V2X connectivity
3. EV charging stations: for load management, charging control, and energy efficiency
4. Blue Cloud Softech Solutions is a rapidly emerging company in AI, cybersecurity, cloud computing, digital infrastructure, and 5G technology.