Streetbeat News

Partnerships

AMAT

ASML

GFS

IBM

WOLF

New York State is investing $10 billion to create a semiconductor research facility at the University at Albany, in collaboration with NY Creates and major chip companies. The facility will feature advanced equipment from ASML Holding NV and involve key industry players like IBM, Micron Technology, Applied Materials, and Tokyo Electron. The project aims to make New York a significant research hub, create 700 jobs, attract $9 billion in private investment, and reduce reliance on foreign chip technologies. GlobalFoundries, ON Semiconductor, and Wolfspeed also have existing facilities in New York, with Micron planning a new factory near Syracuse.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 12:57 pm

SFM

UBER

Sprouts Farmers Market Inc (SFM) has announced that its products are now available for delivery through Uber Eats in Florida, with plans to expand to all Sprouts locations by year-end. The service offers over 15,000 products, including organic and specialty items. The partnership aims to increase accessibility to Sprouts' healthy offerings. SFM shares closed slightly lower on Friday.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 12:46 pm

NVDA

QCOM

QRVO

SWKS

Huawei Technologies Co. has made significant strides in self-reliance on 5G technology with its Mate 60 Pro smartphone, which now uses radio-frequency chips from domestic suppliers instead of U.S. companies like Skyworks Solutions Inc. (SWKS) and Qorvo Inc. (QRVO). This development is part of China's broader strategy to create an independent chip ecosystem, with Huawei leading the charge as a chip designer and supporter of smaller firms in the supply chain. The move reduces Huawei's reliance on U.S. suppliers such as Qualcomm Inc. (QCOM), and positions Huawei as a strong competitor in the AI chip market, as acknowledged by NVIDIA Corp. (NVDA) CEO Jensen Huang.

Portfolio Pulse from Ananya Gairola

December 11, 2023 | 12:34 pm

KXIN

Kaixin Auto has founded an AI Automotive Research Institute, appointing Senior VP Lei Gu as the Dean. The institute aims to shape and integrate the company's AI development strategy. Kaixin is seeking partnerships with top AI firms to develop intelligent automotive products and services.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:07 pm

GAME

Stream Hatchet, part of GameSquare (NASDAQ:GAME), has entered into a partnership with Bungie to leverage advanced analytics for audience engagement insights. The deal also involves Sideqik, another GameSquare entity, to enhance Bungie's creator and affiliate programs.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:03 pm

NOTE

FiscalNote Holdings, Inc. has formed a strategic commercial partnership with EGT-East, LLC, an affiliate of Era Global Technologies, LLC. This partnership includes Era's investment of up to $7.5 million in FiscalNote for subordinated convertible notes due 2027 and the issuance of up to $3.75 million in FiscalNote's class A common stock to Era by June 2024. Era's Era Catalyst platform will support distribution and sales acceleration for FiscalNote's AI Co-pilot program, aiming to drive AI innovation and growth for FiscalNote in the legal and regulatory sectors.

Portfolio Pulse from Charles Gross

December 11, 2023 | 11:59 am

WBX

Sonepar, a global B-to-B distributor of electrical products, has expanded its partnership with Wallbox, a provider of EV charging and energy management solutions, by establishing a ninth local partnership through Elektroskandia Sverige in Sweden.

Portfolio Pulse from Charles Gross

December 11, 2023 | 11:41 am

CMI

ETN

Eaton Cummins Automated Transmission Technologies, a joint venture between Eaton and Cummins, has announced the availability of its Endurant XD Series automated transmission in select vocational models of Western Star and Freightliner, subsidiaries of Daimler Truck North America.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:41 am

SFM

UBER

Sprouts Farmers Market has expanded its on-demand delivery options by partnering with Uber Eats, starting in Florida. Customers can now order Sprouts' fresh, natural, and organic products through the Uber Eats app or website for immediate or scheduled delivery.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:03 am

MBGYY

VWAGY

Huawei is reportedly in talks with Audi and Mercedes-Benz about potential investments in its smart car business, according to sources cited by Reuters. The discussions are part of Huawei's efforts to diversify its business amid US sanctions that have impacted its core telecom equipment and smartphone operations. The move into the smart car industry represents a strategic pivot for Huawei, leveraging its technological capabilities in a new sector.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:51 am