On Thursday, Shares of QUALCOMM, Inc. (NASDAQ:QCOM), gained 1.85% to $57.66.
Qualcomm Incorporated, through its partner, Qualcomm Technologies, Inc., and Xilinx, Inc., declared a planned technical partnership to deliver industry-leading heterogeneous computing solutions with new levels of efficiency and performance through FPGA-enabled dynamic workload acceleration on Qualcomm Technologies’ server platforms. The planned partnership is designed to span multiple product generations, ranging from card level to highly-integrated solutions. Target applications comprise compute acceleration, big data analytics, machine learning, storage and CloudRAN.
As workloads in cloud computing infrastructure demand higher compute capabilities, more power efficiency and greater flexibility, both companies are committed to delivering new high-performance solutions to exceed these industry needs. Qualcomm Technologies’ 64-bit ARMv8-based server processor with Xilinx FPGAs should enable customers to gain compelling performance, performance/watt and lower total cost of ownership. Xilinx’s All Programmable portfolio serves as a scalable reconfigurable acceleration platform that can be optimized on demand to any workload.
“We are enthusiastic about the growth that this partnershipwill foster,” said Anand Chandrasekher, senior vice president, Qualcomm Technologies, Inc. “Xilinx’s strengths in highly programmable workload acceleration, connectivity, and system-on-chip technologies will complement Qualcomm Technologies’ leading processor solutions for the next generation of heterogeneous computing.”
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products.
Shares of AK Steel Holding Corporation (NYSE:AKS), inclined 2.14% to $3.11, during its last trading session.
AK Steel Holding Corporation has market worth of $540.62M while 177.81M shares were outstanding. The company offered net profit margin of -5.20% while its gross profit margin was 7.70%. ROE was recorded as 64.70% while beta factor was 2.43. The stock has shown 9.95% volatility for the week while for the month it is maintained at 8.47%.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Finally, Columbia Pipeline Group Inc (NYSE:CPGX), ended its last trade with 6.64% gain, and closed at $20.25.
Columbia Pipeline Group, and Columbia Pipeline Partners, declared that Three Rivers Midstream LLC, an associate of Williams Partners L.P. (WPZ), has become a member of Pennant Midstream, LLC, a joint venture between associates of Columbia Midstream Group, LLC (an indirect wholly-owned partner of CPG), and Harvest Pipeline Company.
“We are happy to add Three Rivers Midstream as a high-quality partner to this joint venture,” said Columbia Pipeline Group President Glen Kettering, noting that the combination is predictable to significantly improvement Pennant’s long-term infrastructure investment opportunities. “Pennant leverages our extensive asset base and operating experience in the Utica Shale region to create near-term value, in addition to long-term sustainable growth for our customers and shareholders.”
The executed agreement nearly triples the acreage dedicated to Pennant to about 500,000 acres and results in the addition of investment-grade producers, positioning Pennant to be a leading long-term midstream services provider in the Mahoning Valley.
Columbia Pipeline Group, Inc., together with its auxiliaries, owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. It owns about 15,000 miles of interstate gas pipelines from New York to the Gulf of Mexico; and natural gas storage systems with about 300 million dekatherms (MMDth) of working gas capacity, in addition to related gathering and processing assets.
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