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BlackBerry shares jump on robotic systems collaboration with AMD

Published 2024-04-09, 12:31 p/m
© Reuters.  BlackBerry shares jump on robotic systems collaboration with AMD
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Proactive Investors - Blackberry (TSX:TSX:BB) shares jumped more than 9% after the Canadian technology firm announced it has partnered with semiconductor manufacturer Advanced Micro Devices (NASDAQ:AMD) Inc (NASDAQ:AMD, ETR:AMD) to deliver a platform for robotic systems in the industrial and healthcare sectors.

Blackberry (TSX:BB) said that the platform would leverage its QNX Software Development Platform with hardware solutions powered by the AMD Kria KR260 robotics starter kit.

It said this combination will enable sensor fusion, high-performance data processing, real-time control, industrial networking, and reduced latency in robotic applications, allowing customers to accelerate time-to-market for robotic solutions.

“An integrated solution by BlackBerry (TSX:BB) QNX through our collaboration with AMD will provide an integrated software-hardware foundation offering real-time performance, low latency and determinism, to ensure that critical robotic tasks are executed with the same level of precision and responsiveness every single time," Grant Courville, VP Product & Strategy at BlackBerry QNX, said.

"These are crucial attributes for industries carrying out finely tuned operations, such as the fast-growing industries of autonomous mobile robots and surgical robotics.”

AMD senior director of Industrial, Vision, Healthcare and Sciences Markets Chetan Khona added: “With the QNX Software Development Platform customers can start development quickly on the AMD Kria KR260 Starter Kit and seamlessly scale to other higher performance AMD platforms as their needs evolve.”

Shares of BlackBerry had added 9.4% at US$3.15 shortly after noon on Tuesday. AMD, meanwhile, was flat at about US$170.

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