New Delhi, Dec. 24 -- Blue Cloud Softech Solutions (BCSSL) saw its shares rise 3% in Wednesday's intraday trade, December 24, reaching Rs.25.20 apiece following the company's expansion into automotive semiconductor development.

The company today announced that it has entered into a Memorandum of Understanding (MoU) with ConnectM Technology Solutions Pvt Ltd, a specialist in automotive electronics and hardware systems, for the joint development of a semiconductor-based EdgeAI System-on-Chip (SoC) focused on next-generation automotive cybersecurity applications.

The semiconductor solution is being purpose-built for deployment in Telematics Control Units (TCUs), Vehicle Control Units (VCUs), and other critical electronic modules used in el...