NXP Semiconductors awards five-year $100 million contract to TCS
26 May 2008
Tata Consultancy Services has been awarded a five-year consulting and application managment contract worth $100 million by NXP Semiconductors B.V, a top 10 semiconductor company founded by Philips over five decades back, for end-to-end global IT applications services.
In addition, TCS will aso provide high end development and support services across NXP`s supply chain operations.
TCS said its research and development teams will also develop innovative and specialist applications to deliver competitive advantage to NXP across all stages of the product cycle.
N. Chandrasekaran, chief operating officer and executive director, TCS, said, "As well as technical support, TCS will be working with NXP at a strategic level to optimise their operations and remain one step ahead of the completition.``
Under the terms, TCS will be reponsible for consolidating and ensuring the integrity of NXP`s complex application requirements, delivering considerable operational cost savings and enabling the Eindhoven-based manufacturer to focus on its core business activities.
The deal will be implemented through multiple centers in India, Asia and the US which are part of TCS`global network delivery model. These centers will be supported by a high tech centre of excellence based In Eindhoven.
Girish Ramachandran, director, TCS Europe said,``This engagement shows clearly that TCS is able to offer end to end services from consulting, management, development, innovation and be a trusted partner to NXP.``
TCS will also support NXP`s entire technology infrastructure globally covering ERP, CRM applications in addition to the company`s portal-based applications. This support together with consultancy, professional services and maintenance will be delivered via TCS`s Global Network Delivery Model.
"The engagement with TCS refelects NXP's committment to optimising our processes and driving business value from all aspects of our operations," said Louia Luijten, senior vice president, and chief information officer, NXP.