BlackBerry gains on partnership with AMD for robotics systems

BlackBerry

09/04/2024 15:47

April 9 (Reuters) - BlackBerry  BB.N   BB.TO  shares
jumped more than 7% on Tuesday after the Canadian company teamed
up with Advanced Micro Devices  AMD.O  to roll out a platform
that will enable better robotics capabilities for the industrial
and healthcare industries.
    The collaboration, announced at the Embedded World
conference at Nuremberg, Germany, will use BlackBerry's ONX
platform.
    BlackBerry's U.S.-listed shares hit a nearly three-month
high before settling at $3.  
    The company, which now generates revenue from its
cybersecurity offerings and licensing software to a range of
sectors, has struggled to grow in the recent years. Its
NY-listed stock is down 13% year-to-date, compared to a 9% rise
in the benchmark S&P 500  .SPX .
    The technology "takes the future of robotics technology well
beyond the constraints experienced until now," Chetan Khona,
senior director of industrial, vision, healthcare and sciences
markets at AMD, said in a statement.
    
    

 (Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj
Kalluvila)
 ((yuvraj.malik@thomsonreuters.com;))