Infosys announces Expanded Collaboration with GlobalFoundries to Accelerate AI-Driven Transformation of IT Operations

Infosys (NYSE: INFY), a global leader in AI-first business consulting and technology services, today announced an expanded multi-year collaboration with GlobalFoundries (NASDAQ: GFS) (GF), a leading semiconductor manufacturer, to deliver AI-led managed services across GF's enterprise IT landscape.

Through this collaboration, Infosys will manage GF's end-to-end application, infrastructure, data and service desk operations. GF selected Infosys based on its proven track record as an incumbent technology provider and its deep semiconductor domain expertise. The engagement is designed to elevate GF's IT operations by transitioning from externally supported operations to a true managed services model driven by AI, automation, and continuous optimization.

Vishal Mehra, Chief Information Officer, GF, said, "The renewed collaboration marks a significant step forward in GF's journey to modernize IT operations and achieve higher levels of efficiency, resilience and user experience. As a leading global semiconductor manufacturer, we are committed to advancing our digital transformation to drive greater reliability and value. Collaborating with Infosys will help us equip our teams with next-generation capabilities to accelerate this transformation journey."

Anand Swaminathan, EVP & Global Industry Leader, Communications, Media & Technology, Infosys, said, "By combining our deep domain expertise, AI capabilities and an outcome-based operating model, we will help GF reduce incidents, improve end-user experiences and sustainably lower TCO over the long term. Infosys will unlock AI value at scale to play a central role in driving intelligent operations, helping GF transition from reactive IT management to predictive and autonomous service delivery."

Shares of Infosys Limited was last trading in BSE at Rs. 1065.40 as compared to the previous close of Rs. 1051.85. The total number of shares traded during the day was 954014 in over 28085 trades.

The stock hit an intraday high of Rs. 1079.90 and intraday low of 1055.00. The net turnover during the day was Rs. 1017980190.00.

Source : Equity Bulls

Keywords

Infosys INE009A01021 INFY Collaboration GlobalFoundries GFS