Tata Elxsi shines on collaborating with Syntiant Corporation

27 Jan 2021

Tata Elxsi is currently trading at Rs. 2624.70, up by 146.65 points or 5.92% from its previous closing of Rs. 2478.05 on the BSE.

The scrip opened at Rs. 2500.00 and has touched a high and low of Rs. 2635.00 and Rs. 2500.00 respectively. So far 56644 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2849.50 on 21-Jan-2021 and a 52 week low of Rs. 501.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2849.50 and Rs. 2410.25 respectively. The current market cap of the company is Rs. 15949.00 crore.

The promoters holding in the company stood at 44.53%, while Institutions and Non-Institutions held 17.44% and 38.03% respectively.

Tata Elxsi has collaborated with Syntiant Corporation, a deep learning chip technology company, to help manufacturers design and develop low-power always-on voice applications across multiple product categories, such as smart home devices and consumer electronics, as well as industrial and automotive use cases.

The agreement between Tata Elxsi and Syntiant aims to provide end-to-end solutions and services for customers using Syntiant’s deep learning Neural Decision Processors to enable low-power AI optimization in edge devices easily. The companies can deliver a turnkey solution that brings low latency, highly accurate inference to near- and far-field voice applications, including speaker identification, keyword spotting, multiple wake words, event detection, and local commands recognition.

Tata Elxsi is a global design and technology Services Company and works with customers across industries such as automotive, broadcast, healthcare and telecom for product and software development.

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