Streetbeat News

Partnerships

NXPI

NXP Semiconductors (NASDAQ:NXPI) has announced a collaboration with ZF Friedrichshafen AG to develop next-generation SiC-based traction inverter solutions for electric vehicles. This partnership aims to enhance EV performance, extend range, and reduce costs for OEMs.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:06 am

INTC

SNX

Hyve Solutions, a subsidiary of TD SYNNEX, has integrated Intel Xeon 6 processors into its systems, enhancing AI and cloud technology performance.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:07 am

IBM

Rapidus and IBM have entered into a joint development partnership to work on chiplet packaging technology for 2nm-generation semiconductors. This collaboration is part of a larger international project led by Japan's NEDO and builds on an existing agreement between IBM and Rapidus for 2nm node technology development. Engineers from both companies will collaborate at IBM's North American facilities for R&D and manufacturing.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:03 am

GELYY

STM

Geely Auto and STMicroelectronics have signed a long-term partnership to enhance the efficiency of Geely's battery electric vehicles using ST's third-generation SiC MOSFETs. An Innovation Joint Lab will be established to support the development of smart, electrified, and connected cars.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:30 am

BTDR

CORZ

NVDA

Core Scientific Inc. (NASDAQ:CORZ) has announced a 12-year partnership with CoreWeave, backed by Nvidia Corp. (NASDAQ:NVDA), to provide infrastructure for AI use cases, expected to generate over $3.5 billion in revenue. This move follows a trend among Bitcoin miners to diversify into AI services following the Bitcoin halving event in April.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 5:14 am

MRIN

Marin Software has announced enhancements to its Amazon integration, including Sponsored TV, non-endemic advertising, and global access to the Demand-Side Platform (DSP). This update allows brands not selling on Amazon to engage with the Amazon audience more effectively.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:11 pm

FGEN

REGN

FibroGen Inc (NASDAQ:FGEN) shares surged in after-hours trading following the FDA's clearance of its Investigational New Drug (IND) for FG-3165 and a new clinical trial supply agreement with Regeneron Pharmaceuticals (NASDAQ:REGN). FG-3165 is a galectin-9 targeted monoclonal antibody for treating solid tumors. Phase 1 trials are set to begin in the second half of 2024.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 8:48 pm

GLPI

Gaming and Leisure Properties, Inc. (GLPI) will provide $111 million in funding for the landside move and hotel renovation of Belle of Baton Rouge, expected to be completed by September 2025. The project will cost over $141 million, and Queen Casino & Entertainment Inc. will pay an incremental rental yield of 9% on the development funding.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:24 pm

SHOT

Safety Shot, Inc. (NASDAQ:SHOT) has announced a strategic partnership with Mr. Checkout to expand its presence with independent retailers nationwide. This partnership aims to provide more access for consumers in diversified retail locations.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:23 pm

HR

Healthcare Realty Trust (NYSE:HR) has contributed 10 properties to its joint venture with KKR, generating $227 million in proceeds. The company expects further transactions to generate over $300 million by early August. KKR has committed up to an additional $600 million, potentially increasing the JV's value to $1 billion. Healthcare Realty will retain a 20% interest and manage the JV.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:16 pm