# Daily Fintech News — October 5, 2026 > Daily brief on markets, macro, banking, chips and AI infrastructure. Published October 5, 2026 at 7:00 PM ET by Daily Fintech News. Canonical HTML: https://dailyfintechnews.com/brief/fintech/2026-10-05 **Entities covered:** Nvidia, Huawei --- ## 1. Schneider Electric agrees to buy software group PTC for about $22.6 billion *Section: M&A · Source: Bloomberg · Tickers: $PTC* Schneider Electric agreed to acquire Boston-based industrial software maker PTC Inc. for roughly $22.6 billion in an all-cash deal — its largest acquisition ever — stepping up its push into the AI boom. PTC's engineering software for autos, aerospace and medical technology adds to Schneider's industrial-software offering. - $PTC close: $193.71 (+34.50%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-05#item-1 ## 2. Nvidia partner Hon Hai beats sales estimates on AI frenzy *Section: Earnings · Source: Bloomberg · Tickers: $HNHPF* Nvidia manufacturing partner Hon Hai Precision (Foxconn) reported better-than-expected quarterly revenue of NT$3.03 trillion (about $95.4 billion), up 47% year over year and ahead of analysts' NT$2.83 trillion estimate. The beat signals sustained, elevated spending on global AI infrastructure. - $HNHPF close: $16.75 (+6.08%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-05#item-2 ## 3. Qualcomm licenses patents on Huawei's LogicFolding chip tech *Section: Chips · Source: Bloomberg · Tickers: $QCOM* Qualcomm agreed to license the patents underpinning Huawei's novel 'LogicFolding' chipmaking technique as part of a multiyear cross-license agreement spanning 5G devices, AI services and near- and co-packaged optics and networks — a win for Huawei's push to advance in overseas AI markets. - $QCOM close: $182.29 (-1.39%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-05#item-3 ## 4. Robotics startup RobCo hits $1 billion valuation *Section: AI · Source: WSJ* German robotics startup RobCo sold shares in a deal valuing it at more than $1 billion — double the level it reached earlier this year — highlighting investor enthusiasm for 'physical AI' systems. The company makes autonomous industrial robots, including a new two-armed, self-learning robot called Alfie designed to mimic a factory worker. Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-05#item-4 --- ## Questions this brief answers **How much is Schneider Electric agrees to paying to acquire software group PTC?** Schneider Electric agreed to acquire Boston-based industrial software maker PTC Inc. for roughly $22.6 billion in an all-cash deal — its largest acquisition ever — stepping up its push into the AI boom. **What did Nvidia report for the quarter?** Nvidia manufacturing partner Hon Hai Precision (Foxconn) reported better-than-expected quarterly revenue of NT$3.03 trillion (about $95.4 billion), up 47% year over year and ahead of analysts' NT$2.83 trillion estimate. **What did Huawei announce on October 5, 2026?** Qualcomm agreed to license the patents underpinning Huawei's novel 'LogicFolding' chipmaking technique as part of a multiyear cross-license agreement spanning 5G devices, AI services and near- and co-packaged optics and networks — a win for Huawei's push to advance in overseas AI markets. **How much did Robotics startup RobCo hits $1 billion valuation raise, and at what valuation?** German robotics startup RobCo sold shares in a deal valuing it at more than $1 billion — double the level it reached earlier this year — highlighting investor enthusiasm for 'physical AI' systems. --- ## More from Daily Fintech News - Previous brief: [October 4, 2026 — Anthropic's Big Charity Bill for Shareholders](https://dailyfintechnews.com/brief/fintech/2026-10-04) - Also covers Huawei, Nvidia: [August 31, 2026 — Tesla rose 5%, its best day since early July, ahead of Cybercab launch event](https://dailyfintechnews.com/brief/fintech/2026-08-31) - Also covers Huawei, Nvidia: [September 4, 2026 — DeepSeek Plans Major Huawei Chip Order in New AI Data Center](https://dailyfintechnews.com/brief/fintech/2026-09-04) - Also covers Huawei, Nvidia: [September 7, 2026 — CXMT Highlights Smartphone, AI Advances as Market Share Climbs](https://dailyfintechnews.com/brief/fintech/2026-09-07) - [All briefs](https://dailyfintechnews.com/brief/fintech) *Source: Daily Fintech News (https://dailyfintechnews.com). Attribution with a link to the brief URL is appreciated when quoted.*