Archive · 24 Dec 2025
Blue Cloud Softech Solutions Jumps 3% After Semiconductor MoU
Blue Cloud Softech Solutions, a company that makes software, saw its stock price go up by 3% on December 24, 2024.
This happened because they made a new agreement with another company called ConnectM Technology Solutions.
Together, they will create a special computer chip for cars that helps keep them safe from hackers.
This chip will be used in electric and smart cars.
The two companies will share the money they make from this project equally.
The project is expected to make about $50 million over the next five years.
This is a big deal for Blue Cloud Softech because it's their first time making something like this for cars.
Even though their stock has been going down for a while, this new project might help them grow again.
Blue Cloud Softech Solutions' shares rose 3% to ₹25.20 on December 24, 2024, following an MoU with ConnectM Technology Solutions for semiconductor development.
The MoU focuses on joint development of an EdgeAI System-on-Chip (SoC) for automotive cybersecurity applications in electric and software-defined vehicles.
BCSSL will lead the architecture, design, and development of the EdgeAI SoC platform, integrating real-time threat detection and security management capabilities.
The partnership aims to generate approximately $50 million in business volume over five years (2026-2030) with a 50:50 revenue-sharing model.
Despite a significant drop in share price since July 2024, BCSSL reported a net profit of ₹15 crore for the quarter ending September 2024, up from ₹11 crore in the previous quarter.
- Who
- Blue Cloud Softech Solutions (BCSSL) and ConnectM Technology Solutions Pvt Ltd
- What
- Signed a Memorandum of Understanding (MoU) for joint development of a semiconductor-based EdgeAI System-on-Chip (SoC) for automotive cybersecurity
- When
- December 24, 2024
- Where
- Not specified
- Why
- To expand into automotive semiconductor development and drive business growth
- Company
- Blue Cloud Softech Solutions (BCSSL)
- Share Price Increase
- 3%
- Share Price
- ₹25.20
- Date
- December 24, 2024
- Partner
- ConnectM Technology Solutions Pvt Ltd
- Project
- EdgeAI System-on-Chip (SoC) for automotive cybersecurity
- Projected Business Volume
- $50 million over five years (2026-2030)
- Revenue Sharing Model
- 50:50 split of net revenues