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GE & NVIDIA Sign Tech Deal

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GE Intelligent Platforms, a part of General Electric Company (GE), recently signed an agreement with semiconductor firm NVIDIA Corporation (NVDA) for the incorporation of the NVIDIA Tegra K1 mobile processor in its products meant for embedded computing platforms.

The agreement establishes General Electric as a preferred provider of the Tegra K1 to bring high performance embedded computing (:HPEC) solutions to the increasingly growing market for Size weight and Power (SWaP) constrained applications. The NVIDIA Tegra K1 mobile processors deliver exceptional graphics and powerful computing while featuring low power consumption and high performance for gaming. The new technology is well suited for harsh environments in the military/ aerospace markets. Tegra K1 is one of the world's most advanced  processors featuring 192 fully programmable GPU (graphics processing unit) computing cores and four ARM Cortex-A15 CPU cores in addition to a fifth core dedicated for saving battery life.

The NVIDIA Tegra K1 is expected to be a major add-on facility to General Electric's wearable and portable products. Featuring low weight and heat dissipation, the processor will enable General Electric to reduce the power consumption of its HPEC solutions and bring it down to approximately 10 watts for some applications. General Electric's SWaP constrained defense applications along with the mobile processor’s power efficiency will enable customers to deploy data-intensive applications across a wider range of platforms.

General Electric is one of the most diversified technologies and financial service corporations in the world. The company’s segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Power & Water produces gas, steam and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipments.

General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising now include Honeywell International Inc. (HON) and United Technologies Corp (UTX), both carrying a Zacks Rank #2 (Buy).

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