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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  BlackBerry Ltd    BB   CA09228F1036

BLACKBERRY LTD (BB)
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BlackBerry, Qualcomm expand partnership to connected automotive

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12/07/2017 | 03:46pm CEST
A banner for BlackBerry Ltd hangs to celebrate the company's transfer trading to the NYSE in New York

(Reuters) - BlackBerry Ltd (>> BlackBerry Ltd) and Qualcomm Inc (>> Qualcomm) are expanding their partnership to tap the fast-growing connected automotive market, the companies said on Thursday.

(Reuters) - BlackBerry Ltd (>> BlackBerry Ltd) and Qualcomm Inc (>> Qualcomm) are expanding their partnership to tap the fast-growing connected automotive market, the companies said on Thursday.

BlackBerry, which has developed software QNX Hypervisor 2.0 to run complex computer systems in vehicles, said it would use Qualcomm's hardware in areas such as virtual cockpit controllers, electronic control gateways and infotainment systems.

QNX Hypervisor 2.0 was compatible with its Snapdragon 820Am automotive processor, Qualcomm said in June, enabling carmakers to reduce hardware complexity and costs by putting multiple systems on a single platform.

The automotive industry is one of the fastest-growing segments of the technology market, as automakers race to add more autonomous features and ultimately seek to build self-driving cars.

Qualcomm, which supplies chips to Android smartphone makers and Apple (>> Apple), said last year it would buy NXP Semiconductors (>> NXP Semiconductors NV) for $38 billion to become the leading supplier to the fast-growing automotive chips market.

(Reporting by Anirban Paul in Bengaluru; Editing by Sriraj Kalluvila)

Stocks treated in this article : Apple, Qualcomm, BlackBerry Ltd, NXP Semiconductors NV
Stocks mentioned in the article
ChangeLast1st jan.
APPLE 0.44% 163.65 Delayed Quote.-2.36%
NXP SEMICONDUCTORS NV -0.51% 101.19 Delayed Quote.-13.58%
QUALCOMM -0.38% 49.75 Delayed Quote.-22.29%
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Sales 2019 888 M
EBIT 2019 22,5 M
Net income 2019 -103 M
Finance 2019 1 647 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 4,42x
EV / Sales 2020 3,82x
Capitalization 5 575 M
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