Shares of NXP Semiconductors NV (NASDAQ:NXPI) ended Friday session in red amid volatile trading. The shares closed down -4.49 points or -5.23% at $81.40 with 339.21 million shares getting traded. Post opening the session at $84.80 the shares hit an intraday low of $81.22 and an intraday high of $84.93 and the price vacillated in this range throughout the day. The company has a market cap of $26.69 billion and the numbers of outstanding shares have been calculated to be 339.21 million shares.
On Sept. 01, 2016 NXP Semiconductors N.V. (NXPI) in collaboration with Midea, the world’s major consumer household appliance manufacturer in China, unveiled a smart kitchen appliance using semiconductor microwave heating technologies. Combined with NXP innovative RF cooking components and Midea’s heritage of creating a more comfortable lifestyle for people, the new appliance delivers an ideal balance of quality, precision and performance. With the appliance, consumers can enjoy perfectly heated food within minutes.
The secret to efficient and effective heating, delivered by the Midea appliance, is NXP’s MHT1004N, a low-voltage solid state cooking transistor which creates and delivers energy in an effective and efficient way. The component enables greater control over the heating process and allows the Midea appliance to control energy in a closed loop manner for evenly heated food. The semiconductor cooking method also enables consistent results thereby enabling smart features for internet-connected appliances.
“We’re excited to team up with NXP and transform the conventional methods of cooking to solid state,” said Luan Chun, director of the appliances business unit innovation center at Midea. “Together, we’ve also jointly developed a standard system unit, which enables us to quickly implement new designs using a flexible, modular approach for future product developments.”
“Midea and NXP have been cooperating for years to research and develop solutions for the future smart kitchen,” said Mr. Wu Dong, senior director of RF products at NXP Semiconductors Asia Pacific. “This new appliance calls upon our years of collaborating and innovating together with the same vision — to usher in a smarter cooking experience into consumers’ kitchens.”
Shares of Flextronics International Ltd. (NASDAQ:FLEX) ended Friday session in red amid volatile trading. The shares closed down -0.47 points or -3.60% at $12.60 with 546.16 million shares getting traded. Post opening the session at $13.05 the shares hit an intraday low of $12.53 and an intraday high of $13.10 and the price vacillated in this range throughout the day. The company has a market cap of $6.64 billion and the numbers of outstanding shares have been calculated to be 546.16 million shares.
On Sept. 8, 2016 hereO, creator of the first complete end-to-end family location service, has entered into a product development and manufacturing partnership with Flex (FLEX), the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world.
Complementing hereO’s rapidly growing, industry-leading partnership lineup, Flex and hereO will collaborate on the design, engineering and production of the company’s next generation of family friendly wearable technology products – Pet Tracker, Tracker of Things, hereO Senior, and current in-market hereO GPS Watch for kids.
The hereO Family ecosystem provides all day every day connectivity and peace of mind in over 120 countries. With a powerful processing engine that learns and adapts to the routine of each and every user, the hereO ecosystem, coupled with the hereO Family app, enables a wide range of features including:
- real-time location updates,
- check-in/out notifications,
- proximity breach alerts,
- smart safe-zones,
- location history,
- tracking of school attendance, and more.
hereO complements its state-of-the-art wearables with a comprehensive ecosystem of proprietary location technologies, ensuring the delivery of a reliable, consistent and – above of all – family-friendly location sharing experience.
Mike Dennison, president of the Consumer Technologies Group at Flex, said, “Wearable technology spans almost every industry, from personal fitness and health to automotive, but probably our greatest emotional attachment is to those wearable technologies that provide safety and security for our families – our children, our parents, and even our pets. We are excited to be partnering with hereO to help ensure seamless functionality while maintaining the aesthetic appeal of this family of products.”
“Flex is clearly a leader in the design and manufacturing of many of global wearable brands,” said Gill Meldenson, hereO CEO and Founder. “We saw this as a great opportunity to partner with an expert in the field to help bring our current hereO products to the mass market, while collaborating on the design and engineering of additional innovative products to complement the hereO family ecosystem. As a company founded by parents, for parents, hereO is relentlessly committed to fundamentally improving and transforming the way families connect. This partnership is a big step in realizing that vision.”