Moovit Big Moves to Intel?
Intel Corp. is reportedly set to acquire Israeli company Moovit for about $1 billion. Moovit is transport and mobility journey planner app. Intel Capital, the venture capital investment arm of Intel, is one of the shareholders in Moovit.
Top Chip Companies
NXP, Infineon, Renesas, Texas Instruments and STMicroelectronics maintained their positions in the top five of Strategy Analytics’ annual assessment of the automotive semiconductor industry vendor market share rankings. The Strategy Analytics Powertrain, Body, Safety & Chassis Service (PBCS) service report, “Automotive Semiconductor Vendor 2019 Market Shares” (http://sa-link.cc/1pk), presents analysis of 2019 automotive sector revenues and market shares of the leading semiconductor vendors, with revenue splits by major component product category and by region.
Total automotive semiconductor revenues taken by vendors in 2019 were down 1.3% to $37.2 billion, compared to 2018, with NXP, Infineon, Renesas, Texas Instruments and STMicroelectronics maintaining their top five rankings. The gap between NXP and Infineon effectively closed to zero, while STMicroelectronics was the only company to be able to demonstrate revenue growth.
“2019 continued to see global automotive semiconductor demand slowing down with vehicle production flat or down in all of the major regions including China,” noted Ian Riches Vice President for the Global Automotive Practice (GAP). “This was partially offset by revenue opportunities coming from high growth applications such as ADAS, electrified powertrains and wireless connectivity. However, this was not enough to translate to automotive semiconductor vendor revenue growth in 2019.”
This “top-down” analysis of semiconductor vendor sales revenues and market shares in calendar year 2019 for the automotive application segment represents Strategy Analytics’ estimates of vendor revenues from the automotive sector derived from a combination of discussions with the major semiconductor suppliers, Strategy Analytics’ own view and judgment of supplier activity, and its ongoing research and analysis into automotive electronics market growth.
“Our analysis shows a lot of companies struggled to show positive revenue growth in 2019, though there were some notable vendor year-on-year revenue increases, as exemplified by Bosch, Micron, Nexperia, nVIDIA, Qualcomm and Xilinx,” observed Asif Anwar, report author and PBCS Service Director. “We will see a major shakeup in market share rankings moving forwards. In 2019, Infineon announced that the company had entered into a definitive agreement to acquire Cypress. This acquisition closed successfully in April 2020, and effectively propels Infineon into the number 1 spot moving forwards.”
AYRO Expands to Europe
AYRO, Inc., designer and manufacturer of purpose-built compact, light-duty emissions-free electric vehicles for urban, commercial, consumer and government markets, announces the company’s planned 2020 third quarter expansion into the European market.
The all-electric Club Car 411 utility trucks would be the first AYRO-built sustainable vehicles to be exported to Europe, now scheduled to commence in the third quarter of 2020. Ayro believes that the European market is ripe for purpose-built compact EVs like the Club Car 411. With narrow streets and urban congestion, a robust delivery sector, and the mandated need for carbon reduction, the compact electric Club Car 411 truck is designed with agility, a durable chassis for high payload abilities, and zero gas emissions due to its plug-in battery power.
Telenav a leading provider of connected-car and location-based services, announced that software it is developing for a major international automobile manufacturer has achieved Automotive SPICE® Level 2 Certification. Level 2 certification means that Telenav meets the rigorous global standard for safety and reliability that’s critical for developing, deploying, and sustaining automotive-grade software.
Automotive SPICE Level 2 Certification demonstrates Telenav software products are:
- Adhering to international quality standards suitable for global deployment
- Built with automotive grade safety and reliability as the foremost priority
- Developed using continually improving design processes
You are welcome to subscribe to receive email notification of publication of Connected Car news TIPS, you can also get weekly news summaries or daily emails.