Tag: Acquisition

Cypress Acquisition Will Propel Infineon To Automotive Semiconductor Leadership In 2020 (NASDAQ:CY)

Sales of international combustion engine autos and electric vehicles will resume positive growth in 2021.

Although not the largest end-market for semiconductors, automotive has been one of the fastest growing. There are several reasons:

  • The increase in unit sales of autos as more safety and convenience features are added to a car
  • The increase in semiconductor content with each model of autos
  • The increase in semiconductor content in moving from conventional to EVs
  • The increase in semiconductor content with Advanced Driver Assistance Systems (ADAS)

That was the thinking until early 2019 when the world economies were negatively impacted by the U.S.-China Trade issues, bringing many Asian and European countries to the brink of recession. The other shoe fell in 2020 with COVID-19. As a result, unit sales of conventional autos dropped and EV sales tumbled in China and the U.S. The COVID-19 pandemic also increased headwinds for ADAS. Most new

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Luxoft, a DXC Technology Company, Completes Acquisition of CMORE Automotive

ZUG, Switzerland–(BUSINESS WIRE)–Luxoft, a DXC Technology Company (NYSE: DXC), today announced the completion of its acquisition of CMORE Automotive, an independent services provider dedicated to the development and validation of AI-driven mobility systems.

Luxoft had announced a definitive agreement to acquire CMORE Automotive on March 5, 2020 and received final regulatory approval on March 24, 2020.

The acquisition builds on Luxoft’s capabilities in data-driven development, testing and validation of Autonomous Drive/Advanced Driver Assistance Systems (AD/ADAS) for Level 3 to Level 5 autonomous functions and strengthens the company’s ability to design and deploy transformative AD/ADAS programs for clients at scale.

“With CMORE Automotive, Luxoft will extend its spectrum of AD/ADAS initiatives, from enabling customers to amplify their fusion, perception and driving function development, testing and validation capacities to delivering transformative AD/ADAS solutions at scale. I want to welcome the CMORE Automotive team to the DXC family,” said Dmitry Loschinin,

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