In a significant development in the Internet of Things (IoT) sector, Sasken Technologies' shares have reached a 52-week high of ₹1,443.05. This represents a notable increase of 35% over the past week, following the announcement of their collaboration with Qualcomm (NASDAQ:QCOM) Technologies through the IoT Accelerator Program.
This partnership is set to shape the future of connected devices and services, addressing key challenges in IoT integration, scalability, and security. By combining Sasken's Product Engineering and Digital Transformation services with Qualcomm's advanced wireless technologies, businesses across various sectors are expected to benefit from innovative solutions that drive transformative growth.
These sectors include semiconductor, automotive, industrials, consumer electronics, enterprise devices, SatCom, telecom, and transportation. The collaboration is aimed at empowering these industries with state-of-the-art solutions that are integral to a digital push across all products and services.
In terms of performance, Sasken's stock has surged nearly 75% over the past six months, significantly outperforming the S&P BSE Sensex's rise of 10%. This robust performance comes despite potential investment slowdowns in the market.
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