Streetbeat News

Partnerships

INTC

Intel Corp (NASDAQ: INTC) shares rose in after-hours trading following the announcement of an $11 billion joint venture with Apollo-managed funds for Intel's Fab 34 in Ireland. The deal allows Intel to unlock and redeploy investment while maintaining control over Fab 34.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 8:44 pm

ASNS

Actelis Networks, Inc. (NASDAQ:ASNS) has received new orders to supply cyber-hardened networking technology to three U.S. military bases. This follows recent cybersecurity certifications and placement on the Department of Defense Information Network approved products list.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:31 pm

WFRD

Weatherford has signed a Memorandum of Understanding (MoU) with QatarEnergy to advance the Tawteen In-Country Value Program. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:31 pm

INFA

Informatica has announced native SQL ELT support for Snowflake Cortex AI functions, enhancing data integration and analytics capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:25 pm

DDD

3D Systems shares are trading higher after the company received a multi-year purchase agreement valued at approximately $250 million.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:18 pm

DDD

3D Systems has signed a multi-year purchase agreement with an estimated value approaching a quarter-billion dollars, extending through 2028.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:16 pm

AZTA

Azenta has been chosen by the Crohn's & Colitis Foundation to provide sample management services for its IBD CAPTURE and SIRQC clinical registries, focusing on Crohn's disease and ulcerative colitis research.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:15 pm

APO

INTC

Intel has entered into a joint venture agreement with Apollo for the build-out of Fab 34. Intel will complete the construction and purchase wafers from the JV for itself and external customers. Intel will consolidate the JV's results in its financial reporting, with limited net income attributable to non-controlling interests in the first two years, expected to increase as the factory reaches full capacity.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:14 pm

APO

INTC

Intel has entered into a joint venture with Apollo to manufacture wafers at Fab 34, allowing Intel to unlock and redeploy a portion of its investment while maintaining full ownership and operational control of Fab 34.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:11 pm

AMZN

HCP

HashiCorp has announced a strategic collaboration with Amazon Web Services (AWS) to enhance infrastructure and security lifecycle management. The five-year agreement includes co-innovation and go-to-market collaboration.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:10 pm