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QCOM Advances Digital Transformation Initiative in UAE: Stock to Gain?
ZACKS· 2025-05-19 16:10
Group 1: Strategic Collaboration - Qualcomm Technologies, Inc. has partnered with e& to enhance digital infrastructure in the UAE, focusing on industrial and enterprise 5G edge AI gateways [1] - The collaboration aims to develop advanced edge AI devices and support generative AI capabilities by integrating large language models [1] - Qualcomm will also work on smart mobility and safety solutions to improve the UAE's transportation infrastructure and support industrial IoT solution development across various sectors [1] Group 2: Engineering Center and Innovation - A global Engineering Center will be established in Abu Dhabi, collaborating with local and international companies to support regional strategic initiatives [2] - The center will align with national priorities and development goals, facilitating transformative technologies in critical sectors such as energy, manufacturing, logistics, retail, and smart mobility [2] Group 3: Market Position and Stock Performance - Qualcomm's establishment of the engineering center positions the company at the center of a region becoming a global hub for future-defining industries, enhancing its R&D capacity and market position [3] - Shares of Qualcomm have decreased by 22.9% over the past year, contrasting with the industry's growth of 18.1% [6] - Qualcomm currently holds a Zacks Rank of 3 (Hold), while other companies in the industry, such as Juniper Networks and InterDigital, have higher rankings [7][9]
LACROIX announces its project to exit North America by the end of 2025, as part of a strategic refocus on its strongest and highestpotential activities. In Q1 2025, revenue declined by 10.4% on a like-for-like basis.
Globenewswire· 2025-05-15 15:46
15/05/2025 LACROIX announces its project to exit North America by the end of 2025, as part of a strategic refocus on its strongest and highest-potential activities In Q1 2025, revenue declined by 10.4% on a like-for-like basis, impacted by ongoing challenging market conditions in the Electronics activity, while strong momentum continued in the Environment activity The 2027 roadmap presentation is confirmed for September 30, 2025. Planned exit of the Electronics activity in North America (LACROIX ELECTRONI ...