Wipro to invest $1 billion over three years in cloud
The Hindu
It unveils Wipro FullStride services
Wipro Ltd. said it would invest $1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years. The firm unveiled Wipro FullStride Cloud Services to bring together a full portfolio of its cloud-related capabilities, offerings and talent for the convenience of its global clients. This commitment builds on Wipro’s existing cloud business with clients and significantly expands the investment with its partners and hyperscalers, creating industry solutions that accelerate results for mutual clients, as per a filing.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











