- NXP Semiconductors NV NXPI and India's Reliance Industries Limited subsidiary Jio Platforms Ltd have collaborated to implement a 5G NR O-RAN small cell solution incorporating NXP's Layerscape family of multicore processors.
- The combined solution will power new RAN networks to help a wide range of 5G use cases for broadband access and Industry 4.0 and IoT applications, including telemedicine, tele-education, augmented/virtual reality, drone-based agricultural monitoring, and more.
- Jio's subsidiary Jio Platforms Ltd (JPL) is a technology company that delivers innovative 4G and 5G solutions.
- Jio Platforms has developed radio products with NXP compliant with the 3GPP and the O-RAN standards.
- Price action: NXPI shares closed higher by 0.98% at $206.18 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
