30 AI News Investors Should Not Miss

Page 7 of 29

23. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 64 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. The company recently announced that it would be partnering with Tata Group, an Indian conglomerate, to explore potential cooperative manufacturing opportunities. Under this deal, Tata Electronics, Tata Motors, and Tejas Networks in India have signed a Memorandum of Understanding with Analog Devices, Inc. (NASDAQ:ADI) to enhance strategic and business cooperation, explore opportunities for semiconductor manufacturing in India, and use ADI products in Tata applications like electric vehicles and network infrastructure. The companies also agreed to have strategic roadmap alignment discussions.

Page 7 of 29