On Tuesday, Shares of Microsoft Corporation (NASDAQ:MSFT), gained 0.78% to $45.83.
Russian companies are increasingly buying homegrown software to avoid international sanctions, posing a challenge to the likes of Microsoft Corp. and Oracle Corp. in the country’s $3 billion local market, according to Bloomberg.
OAO Sberbank’s life insurer in February started an online service running local operating system Rosa-Linux using an open-source PostgreSQL database, skipping alternatives from Microsoft, Oracle and International Business Machines Corp. Late last year, OAO Gazprom’s oil division accomplished testing of GeoMate, its own software used to analyze geological data and designed to replace applications from companies counting Emerson Electric Co. Bloomberg Reports
About three-quarters of an estimated 157 billion rubles ($2.9 billion) in Russian software spending last year went to imports. That share will probably fall by several percentage points in 2015, according to researcher IDC. President Vladimir Putin’s government has laid out a plan to cut foreign program reliance to less than 50 percent by 2025. Bloomberg added
While it’s difficult to fully wean off imports, “companies are switching to local software in those business processes where they can,” said Elena Semenovskaya, a Moscow-based analyst at IDC.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Shares of Cypress Semiconductor Corporation (NASDAQ:CY), remained flat at $12.68, during its last trading session.
On June 8, Cypress Semiconductor, declared a complete silicon and software solution for USB Type-C to HDMI/DVI/VGA adapter dongles. The EZ-PD™ CCG1-based USB Type-C to HDMI/DVI/VGA Adapter solution enables connectivity between a USB Type-C receptacle and an HDMI/DVI/VGA plug, allowing emerging USB Type-C notebooks to connect to an HDMI/DVI/VGA display. Additionally, Cypress further expanded its USB-Type C design support with the new CY4501 CCG1 Development Kit (DVK), which enables designers to add USB Type-C to any system.
The Cypress USB Type-C to HDMI/DVI/VGA solution comprises USB Billboard functionality, which allows the adapter to communicate status to a host that does not support DisplayPort (DP). This solution uses Cypress’s EZ-PD CCG1 (CYPD1120) USB Type-C Port Controller to support DP as one of its Alternate Modes, Cypress’s USB Billboard controller (CY7C65210) to support the USB Billboard Device Class, and MegaChips’ DP to HDMI/DVI/VGA protocol convertor chip. Cypress has demonstrated that its USB Type-C to HDMI solution with power delivery (PD) is interoperable with the Apple® MacBook®, the Google Chromebook Pixel and multiple other systems at USB-PD Interoperability events.
Cypress customers can pre-order the new CY4501 CCG1 DVK online from the Cypress store. Based on Cypress’s EZ-PD CCG1 USB Type-C Port Controller, the kit serves as a platform to evaluate several features for USB Type-C with design examples and demonstrations of USB SuperSpeed, DisplayPort and Power Delivery. The CY4501 CCG1 DVK comprises a CCG1 host board that emulates a tablet or a notebook, a CCG1 client board that emulates a monitor or a docking port, and a CCG1 Electronically Marked Cable Assembly (EMCA) board emulating a USB Type-C cable.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Finally, ON Semiconductor Corp. (NASDAQ:ON), ended its last trade with 0.81% gain, and closed at $12.51.
On June 3, ON Semiconductor Corporation, declared the pricing of its formerly declared private offering of $600 million aggregate principal amount of 1.00% Convertible Senior Notes due 2020The notes were offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. ON Semiconductor has granted to the initial purchasers of the notes a 30-day option to purchase up to an additional $90 million aggregate principal amount of notes. The offering was predictable to close on June 8, 2015, subject to customary closing conditions.
In connection with the pricing of the notes, ON Semiconductor has reached privately negotiated convertible note hedge transactions with one or more of the initial purchasers of the notes or their associates or other financial institutions. The convertible note hedge transactions will cover, subject to customary anti-dilution adjustments, the same number of shares of common stock as those underlying the notes, and are predictable to reduce the potential dilution to ON Semiconductor’s common stock and/or offset potential cash payments upon conversion of the notes.
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
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