Streetbeat News

Partnerships

AMD

ARM

INTC

NVDA

SSNLF

Canadian AI chip startup Tenstorrent has partnered with Samsung's contract chip manufacturing division to produce a new AI chip, Quasar. The partnership comes after a $100 million capital raise in which Samsung and Hyundai Motor Co invested in Tenstorrent. The company is focusing on data centers and exploring opportunities in diverse markets, including the automotive sector. Samsung has also reportedly won a contract to supply advanced memory chips to Nvidia.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 5:56 pm

COIN

ETHUSD

USDCUSD

Coinbase Singapore has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), allowing it to offer Digital Payment Token services in the country. The company has tailored its offerings to the region, introduced funding methods, integrated SingPass for a simplified onboarding process, and made USD Coin purchases using SGD more accessible by eliminating fees. Coinbase has also made over 15 investments in the region through Coinbase Ventures and collaborated with local entities.

Portfolio Pulse from Murtuza Merchant

October 02, 2023 | 4:31 pm

UBS

UBS Asset Management is launching its first live pilot program of a tokenized money market fund on Ethereum. The pilot is part of a broader industry initiative led by the Monetary Authority of Singapore, Project Guardian, which aims to bring different real-world assets on-chain and utilize blockchain technology to enhance market liquidity. The pilot will be used by UBS Asset Management for activities like fund subscriptions and redemptions. The project is part of UBS Asset Management’s global distributed ledger technology strategy.

Portfolio Pulse from Khyathi Dalal

October 02, 2023 | 2:36 pm

GFS

LMT

NVDA

GlobalFoundries Inc (NASDAQ:GFS) has become a significant player in the semiconductor industry, with its chips being integral components in various electronic devices. The company's chips have contributed to the boom of Nvidia Corp (NASDAQ:NVDA). GlobalFoundries has made significant investments in Singapore, Germany, France, and upstate New York to enhance its production capacity and technological capabilities. The company has also forged strong alliances with giants in the automotive and defense sectors, including an exclusive deal with Lockheed Martin Corp (NYSE:LMT) and a $3 billion agreement with the U.S. Department of Defense.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:24 pm

ENLT

Enlight Renewable Energy (NASDAQ:ENLT) has secured a 15-year power purchase agreement for its Pupin wind farm in Serbia. The state-owned utility Elektroprivreda Srbije will purchase 72% of the project's output at a price of EUR 69 per MWh. The Pupin project, with a total generation capacity of 94 megawatts, will cost USD$149-157 million and is expected to generate revenues of USD$22-24 million and EBITDA of USD$13-15 million in its first full year of operation. Enlight is set to acquire a 66% stake in the project, subject to regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:05 pm

SVFD

Save Foods, Inc. (NASDAQ:SVFD) has increased its investment in Plantify Foods, Inc. (TSXV:PTFY) by purchasing an additional 55,004,349 common shares, making it the largest shareholder with 23.13% of Plantify's issued and outstanding share capital. Save Foods' CEO, David Palach, expressed his belief in Plantify's potential and commitment to sustainable food production. The decision to increase the investment was based on the potential synergies between the two companies and the rapid global growth in interest and sales of Plantify's products.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:15 pm

CCG

XPEV

Cheche Group Inc. (NASDAQ:CCG) has expanded its partnership with Xpeng, Inc. (NYSE:XPEV) to provide insurance services for Xpeng's EVs in ten cities. Xpeng's robust sales growth, with August's G6 deliveries exceeding 7,000 units, has been accompanied by Cheche's sophisticated insurance service platform. The partnership has established a new growth model for Xpeng and integrated opportunities for Cheche's digital insurance services.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:07 pm

GOOGL

Google Cloud, a division of Alphabet Inc. (NASDAQ:GOOGL), has partnered with Web3Auth to launch a new Firebase extension for businesses to transition to Web3. This follows Google Cloud's recent collaboration with Polygon Network as a validator. The new extension will allow existing businesses and applications on Firebase to onboard their users onto Web3, integrating both frontend and backend capabilities. The offering is backed by Google Kubernetes Engine for autoscaling and Cloud Armor for network security.

Portfolio Pulse from Khyathi Dalal

October 02, 2023 | 1:03 pm

GCI

Gannett Co., Inc. (NYSE:GCI) and the USA TODAY Network have announced a multi-year agreement to become the official media partner of Jackpocket, America's #1 lottery app. Jackpocket will serve as the official digital lottery courier of the USA TODAY Network, reaching a broad audience across the country. The partnership aims to leverage the synergies between the audiences of both entities, including Gannett's 45 million engaged sports fans.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:03 pm

NURO

NeuroMetrix (NURO) has announced a collaboration with the National Fibromyalgia Association to improve the quality of life for people living with fibromyalgia. The partnership aims to develop and promote better understanding and management of the condition.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:01 pm