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Stock Market & Financial Investment News

News Breaks
February 11, 2013
05:42 EDTDLPH, NXPINXP Semiconductors, Delphi Automotive enter strategic collaboration agreement
NXP Semiconductors (NXPI) announced an agreement with Delphi Automotive (DLPH) that extends the two companies' long-term relationship in automotive electronics by making NXP one of Delphi's strategic core suppliers. This agreement encompasses a variety of automotive semiconductor applications including infotainment and networking solutions. Under this agreement, Delphi has selected NXP's SAF775x family, the industry's first single-chip RFCMOS multi-tuner car radio IC and NXP's AM/FM background tuner. Delphi continues to be at the forefront of using NXP's software-defined radio for digital reception, such as the SAF36xx family.
News For NXPI;DLPH From The Last 14 Days
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February 23, 2015
18:05 EDTNXPINXP Semiconductors completes Quintic acquisition
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08:10 EDTNXPINXP Semiconductors announces partnership with Sonova
NXP Semiconductors announced that as a result of a partnership with Sonova – the leading manufacturer of innovative hearing care solutions – they have collaboratively developed Venture, a landmark next-generation hearing instrument platform, which offers users exceptional performance. Using the advanced platform, Sonova has already introduced a first family of hearing aids, Phonak Audéo V, which launched in October 2014. Venture features an ultra-low power audio processing IC, incorporating a microcontroller and dual core DSP subsystem, maximizing computational power at minimal current consumption. The device's microphone inputs have a wide dynamic range, key for the device's sound quality. Wireless audio and data streaming are managed by a separate IC, built around a Near Field Magnetic Induction radio. This technology provides a tightly-contained Body Area Network, optimized for low power consumption and low latency. Besides its application in hearing instruments, the NFMI technology provides unique features for robust wireless earbuds applications and sensor networks in and around the body. Both ICs run from a battery voltage down to 1V, and will consume around 1mW for a typical hearing aid application.
February 19, 2015
08:16 EDTNXPINXP Semiconductors, JianGuang Asset Management establish semiconductor JV
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08:13 EDTDLPHDetroit Economic Club to host a luncheon meeting
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05:39 EDTDLPHDelphi Automotive agrees to sell thermal business to MAHLE
Delphi Automotive announced that it has entered into a definitive agreement to sell its wholly-owned thermal business to MAHLE GmbH for cash consideration of approximately $727M, subject to closing adjustments, which represents an implied EV/LTM EBITDA multiple of approximately 9.5x. The transaction is expected to close in the third quarter of 2015, subject to regulatory approvals. Proceeds from the transaction will be used to fund growth initiatives, including acquisitions and share repurchases. Delphi and MAHLE also signed a separate letter of intent to sell Delphi’s stake in Shanghai Delphi Automotive Air-Conditioning System. Proceeds from this transaction will be in addition to the $727M paid for the wholly-owned operations. Delphi’s Thermal division had 2014 revenues of $1.6B, with approximately 6,700 employees and 13 plants globally. The results of operations of the Thermal division business will be reported as discontinued operations beginning in the first quarter of 2015.
February 17, 2015
06:02 EDTNXPINXP Semiconductors selected by Lenovo Group
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