Streetbeat News

Partnerships

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

FCN

FTI Consulting, Inc. (NYSE:FCN) has expanded its Corporate Finance & Restructuring segment in Tokyo with the appointment of Go Matsumoto as a Senior Managing Director and Eiji Michihiro as a Senior Advisor. This move signifies the company's commitment to strengthening its presence and services in Japan.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:06 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) is planning to expand its presence in Vietnam by deepening partnerships with top tech firms such as Viettel, FPT, Vingroup, and VNG. CEO Jensen Huang announced the expansion during his first visit to Hanoi, highlighting that Nvidia already has millions of clients in Vietnam. The company has invested $250 million in Vietnam, focusing on AI deployment in various industries. The Vietnamese government is incentivizing investments in the semiconductor and AI industries, and Nvidia's move is seen as a diversification strategy amid the U.S. chip ban affecting sales in China.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 9:02 am