Visteon Completes Buy of Johnson Controls Unit

Visteon Corporation (NYSE: VC) today announced that it has completed the acquisition of the automotive electronics business of Johnson Controls (NYSE: JCI), creating one of the world’s three largest suppliers of vehicle cockpit electronics. The two companies announced plans for the $265 million cash transaction on Jan. 13.  The acquisition will enhance Visteon’s competitive position…

OPEN Alliance SIG Progress Report

The OPEN Alliance (One-Pair Ether-Net) Special Interest Group (SIG), a non-profit industry alliance established to drive wide scale adoption of Ethernet-based automotive connectivity, today announced a number of milestones including growing membership, the formation of several new technical committees and the election of a new chair. Since its inception in the fall of 2011, the OPEN Alliance…

Freescale Brings Kinetis to Auto Market

Longtime automotive silicon pioneer Freescale Semiconductor (NYSE:FSL) is continuing to drive market innovation with the announcement that its ARM®-based Kinetis series of microcontrollers (MCUs) is being introduced into the automotive market. Building on its legacy of automotive MCU leadership and leveraging a revolutionary new development environment, the new Kinetis EA series is designed to dramatically…

Renesas Tops Automotive IC Ranking

London, England — Renesas Electronics was the top vendor of semiconductors to the original equipment (OE) automotive sector in 2013, according to Semicast Research. Rounding out the top five are Infineon Technologies, STMicroelectronics, Freescale, and NXP. Revenue for the OE automotive semiconductor market is estimated at $27.1 billion in 2013, according to the market research…