Shares of Cypress Semiconductor Corporation (NASDAQ:CY) ended Tuesday session in green amid volatile trading. The shares closed up +0.18 points or 1.56% at $11.75 with 3.49 million shares getting traded. Post opening the session at $11.55, the shares hit an intraday low of $11.52 and an intraday high of $11.77 and the price vacillated in this range throughout the day. The company has a market cap of $3.74 billion and the numbers of outstanding shares have been calculated to be 321.18 million shares.
Cypress Semiconductor Corporation (CY) on Sept. 13, 2016 announced it is sampling new devices in its single-power-supply Traveo™ automotive microcontroller (MCU) family that provides secure, high-speed networking for body electronics applications. The new S6J342xxx series supports the Controller Area Network Flexible Data-rate (CAN FD) standard for high-speed, in-vehicle networking, enabling large amounts of data to be exchanged between each CAN node. The MCUs address the critical need to secure data on in-vehicle networks with enhanced Secure Hardware Extension (eSHE) support, preventing unauthorized connections to electronic control units (ECUs). The new Traveo series continues Cypress’s expansion of its broad automotive portfolio that includes MCUs, wireless radios, memories, capacitive-touch solutions and Power Management ICs (PMICs).
The Traveo S6J342xxx series leverage Cypress’s 40nm embedded charge-trap (eCT™) Flash technology for higher performance and reliability. The series delivers rich features and more cost-efficient implementations for body control modules, heating ventilation and air conditioning (HVAC) systems, collision warning systems, gateways and lighting applications. The MCUs are based on an ARM® Cortex®-R5 core with robust, 132-MHz performance and feature up to 1MB of high-density embedded flash for application storage. A unique partial wake-up mode allows the MCUs to minimize average power consumption. Cypress offers a broad range of variations in the series that enables OEM customers to easily develop derivative solutions. More information on the Traveo MCU family is available at http://www.cypress.com/traveo.
Shares of Square Inc (NYSE:SQ) ended Tuesday session in green amid volatile trading. The shares closed up +0.23 points or 1.99% at $11.78 with 2.31 million shares getting traded. Post opening the session at $11.52, the shares hit an intraday low of $11.51 and an intraday high of $11.82 and the price vacillated in this range throughout the day. The company has a market cap of $4.08 billion and the numbers of outstanding shares have been calculated to be 123.75 million shares.
Square Inc (SQ) on September 26, 2016 announced that it reduced the speed of their chip card reader by 25% from 5.7 seconds to 4.2 seconds (measured from when a card has been dipped to when payment is complete). Square also unveiled its goal to further reduce that speed to around 3 seconds as it continues shaving off transaction time through software updates that get automatically pushed to business owners’ devices. (News agencies report average chip speeds anywhere from 8 seconds to 13 seconds, though there isn’t one consistent methodology for measuring transaction speed.)
Nearly one year ago, the U.S. began a transition to chip cards, riddled with hurdles like masking tape covering chip slots at big box stores and lengthy lines of customers waiting at the register to retrieve their cards. “Consumers and business owners alike loathe waiting for chip cards to process. And we, at Square, feel the same. But it doesn’t have to be this way,” said Jesse Dorogusker, Square’s Hardware Lead said in a blogpost.
Square is in a unique position to tackle this challenge because they design both the hardware and software in-house. This allows engineers to optimize the entire system at once and push the reader even faster. “We’re committed to saving time for our sellers and the customers they serve. Conversations with business owners should be about the delicious cheeseburger you ate or the new haircut you just stopped in for, not the amount of time it takes to pay for them,” Dorogusker continued.