On Tuesday, Shares of OmniVision Technologies, Inc. (NASDAQ:OVTI), gained 3.44% to $27.96.
OmniVision Technologies, declared that it has received notice from the Committee on Foreign Investment in the United States that it has concluded its review of the projected acquisition of OmniVision by a consortium composed of Hua Capital Administration Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd., and determined that there are no unresolved national security concerns with respect to the projected acquisition. The projected acquisition remains subject to the receipt of certain foreign antitrust and regulatory approvals, in addition to other customary closing conditions. OmniVision anticipates the projected acquisition to close in the third or fourth fiscal quarter of fiscal year 2016.
OmniVision Technologies, Inc. designs, develops, manufactures, and markets semiconductor image-sensor devices worldwide. The company’s principal products comprise CameraChip image sensors, which capture an image electronically and are used in various consumer and commercial mass-market applications; and CameraCubeChip imaging devices that are image sensors with integrated wafer-level optics.
Shares of Microchip Technology Inc. (NASDAQ:MCHP), inclined 0.62% to $45.36, during its last trading session.
Microchip Technology, declared that its MOST50 Intelligent network Interface Controllers (INICs) are powering the infotainment systems of the new Toyota Vellfire executive-lounge vehicles. This is the latest deployment among a wide variety of the Toyota Motor Corporation’s brands, which have been using MOST50 in their infotainment systems for more than a decade, counting both volume and luxury vehicles. In the new Vellfire implementation, Toyota is once again using MOST® technology to ensure high-quality digital audio throughout the vehicle.
To date, more than 170 million MOST devices have been installed in 191 car models since 2001. Toyota and all major carmakers have for many years successfully implemented MOST technology in their multi-node infotainment networking systems, as it provides a field-proven, low-risk, whole-system solution. Toyota’s networks utilize Microchip’s MOST50 INICs, which feature an Electrical Physical Layer (ePHY) that is optimized for use with Unshielded Twisted Pair (UTP) copper wire. The result is a system that can predictably and efficiently transport video, audio, packet and control data throughout the vehicle without time-synchronization protocols, using dedicated channels for minimal processor overhead in the main infotainment control unit processors. The remote-connection-administration and remote-control capabilities of all MOST INICs enable further options, counting the ability to build slim (processor-less) network nodes. MOST INICs also provide industry-standard hardware interfaces to processor and peripheral devices for the efficient routing of audio, video and packet data, which greatly simplifies module designs. End users can right away access the vehicle’s infotainment system, due to the MOST INIC’s ultra-fast network startup feature.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
At the end of Tuesday’s trade, Shares of Republic Airways Holdings Inc. (NASDAQ:RJET), lost -2.33% to $6.28.
Teamsters Local 357 and Republic Airways Holdings, declared that they have reached a consensual tentative agreement on the terms of a new three-year contract for the 2,100 Republic pilots represented by the International Brotherhood of Teamsters.
“This is a positive outcome,” said Matt Koscal, Republic vice president of human resources. “This consensual agreement respects the role our pilots play in our airline’s success and it puts them at the forefront of our industry. We are happy that we could reach a consensual agreement with the leadership of Local 357 that allows us to make a noteworthy investment in our Pilots and our future.”
The parties are preparing the document for publication, at which point Local 357 will distribute copies of the tentative agreement to its members. The union plans to hold a series of road shows and other forums to afford its members the opportunity to review the tentative agreement and to ask questions. Ratification voting is planned to conclude in late October. Further details on this process will be offered to our Pilots by the union in the coming days.
Republic Airways Holdings Inc., through its auxiliaries, provides planned passenger services. The company offers planned passenger service on about 1,229 flights daily to about 101 cities in the U.S. and Canada. It provides fixed-fee regional airline services under United Express, Delta Connection, or US Airways Express/American Eagle.
Finally, Ship Finance International Limited (NYSE:SFL), ended its last trade with 1.52% gain, and closed at $17.33.
Executive decision makers from the maritime, offshore, banking and investment communities will again gather for Capital Link’s 8th Annual Shipping, Marine Services & Offshore Forum on Wednesday, October 7, 2015 at One Moorgate Place in London. This event is held in cooperation with the London Stock Exchange and the UK Trade & Investment and in Partnership with Clarksons Platou Securities.
Ship Finance International Limited owns and operates vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets.
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