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Vodafone Group PLC (NASDAQ:VOD) collaborated with Intel Corp (NASDAQ:INTC) and other silicon vendors to design its chip architecture for nascent OpenRAN network technology, Reuters reports.
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- OpenRAN allows operators to mix and match suppliers in their radio networks, posing a challenge to Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC), Huawei Technologies Co Ltd, and Nokia Oyj (NYSE:NOK).
- Vodafone's initiative will also contribute to the European Union's efforts to bolster its chip industry.
- The OpenRAN would enable Vodafone to quickly add new digital services and optimize networks using artificial intelligence (AI).
- Earlier this month, Vodafone switched on Britain's first 5G OpenRAN site carrying live customer traffic in Bath, western England, kicking off a deployment that will number 2,500 sites by 2027.
- Vodafone invested 225 million euros ($251 million) over five years on the R&D center involving the OpenRAN chip architecture.
- Vodafone would design silicon for ARM and RISC-V instruction sets and Intel x86.
- About 20 other vendors have joined the project, including Qualcomm Inc (NASDAQ:QCOM), Broadcom Inc (NASDAQ:AVGO), ARM, and Lime Microsystems, with half of the total coming from Europe.
- Price Action: VOD shares traded lower by 0.56% at $17.67 in the premarket session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.