BlackBerry has partnered with Advanced Micro Devices, aiming to introduce a platform facilitating enhanced robotics capabilities within the industrial and healthcare sectors.
The partnership, unveiled at the Embedded World conference in Nuremberg, Germany, will leverage BlackBerry’s ONX platform sending Blackberry’s shares by over 7% on Tuesday.
This alliance propelled BlackBerry’s U.S.-listed shares to reach a nearly three-month peak before stabilizing at $3. Despite its recent struggles in achieving growth, particularly evident in its revenue generation from cybersecurity offerings and software licensing across various sectors, the collaboration signifies a strategic move towards revitalizing its market presence.
Year-to-date, BlackBerry’s NY-listed stock has faced a decline of 13%, contrasting with the 9% ascent seen in the benchmark S&P 500 index.
Chetan Khona, senior director of industrial, vision, healthcare, and sciences markets at AMD, expressed optimism about the collaboration, emphasizing its potential to transcend existing limitations in robotics technology.
This technological advancement promises to revolutionize the future landscape of robotics, ushering new possibilities beyond previous constraints.
