Auto parts maker Magna invests $200M in Lyft, partners on autonomous vehicles

Ride-hailing company Lyft is joining with large Canadian auto parts supplier Magna to develop self-driving vehicles, sharing expenses on a multi-year project that could vault them onto the leader board in autonomous technology.

The companies announced the partnership on Wednesday and also said that Magna would invest $200 million in Lyft.

Raj Kapoor, Lyft’s chief strategy officer, says Lyft needs auto industry expertise to manufacture autonomous vehicle components and eventually build the vehicles. Automakers know how to design vehicles so they meet safety regulations and can be manufactured easily, Kapoor said.

Auto parts maker Magna invests $200M in Lyft, partners on autonomous vehicles
Auto parts maker Magna invests $200M in Lyft, partners on autonomous vehicles

“The auto industry has perfected all of these tools and all of those processes,” he said.

Once the technology is developed, Magna would be free to sell it to other companies, which would be encouraged to place their vehicles onto Lyft’s ride-sharing network, Kapoor said.

The tie-up is a huge step forward for both companies, Navigant Research analyst Sam Abuelsamid says. Before the announcement, he was skeptical of Lyft’s autonomous vehicle efforts because it had no manufacturing ability and very limited data to offer from its ride-hailing network.

Magna, he said, knows how to build sensors and assemble engine control computers. “They know how to do electronics,” he said. “They have the capability to design and develop vehicles and manufacture them.” That can be paired with Lyft’s service expertise, Abuelsamid added.

Auto parts maker Magna invests $200M in Lyft, partners on autonomous vehicles
Auto parts maker Magna invests $200M in Lyft, partners on autonomous vehicles

The partnership pushes the companies into a group of leaders in the autonomous vehicle race, Abuelsamid says. Also in the race are Google’s Waymo, General Motors’ Cruise Automation, automotive tech company Aptiv, Renault-Nissan, and a Daimler AG and Bosch partnership, he said.

Magna International, based near Toronto, has about 168,000 employees worldwide. It also builds cars under contract in Austria for Mercedes-Benz, BMW, and Jaguar. By next year, Magna expects its factory in Graz to be able to build over 200,000 vehicles per year.

Wipro Consumer Care and Lighting forays into home automation space

Wipro Consumer Care & Lighting, one of the fastest-growing FMCG companies in India has launched Wipro Z Nxt, an integrated home automation solution. This highly affordable system enables the user to transform any ordinary home into a smart home, where the complete household can be controlled from any smart devices, anywhere in the world.

Wipro Z NXT, home automation system can be installed without replacing the existing switches and wires within the home and it seamlessly integrates lighting, air conditioners, geysers, curtains, safety accessories, IP cameras, music control, home theatre, etc. The solution also comes with in-built sensors, which will alert the owners in case of fire, gas leakage, intrusion, etc.

Wipro Consumer Care and Lighting forays into home automation space
Wipro Consumer Care and Lighting forays into home automation space

All electrical appliances can be controlled from a single app from an Android or an IoS device, a remote or a wall-mounted LCD device and through voice control, by multiple users. Its failsafe design ensures control of the electrical devices with existing switches by someone who may not have access to a smart device. The system also allows keyless door entry by enabling remote operation of the door locks.

With the onset of digitization and rising interest in smart home technology, home automation systems have been seeing a rise in demand, especially in the metro and mega-cities. The core of a smart home is the intelligent network of efficiently connected devices working on the prevalent concept of the Internet of Things.  In this scenario, Wipro Z Nxt uses the latest wireless Z wave technology, which has distinct advantages over existing wired and other retrofit solutions.

Wipro Consumer Care and Lighting forays into home automation space
Wipro Consumer Care and Lighting forays into home automation space

“The home automation market is evolving at a rapid pace and Wipro Z Nxt will tick all the boxes for even the most demanding customers. With the smart-homes set to be a reality, home automation solutions are fast becoming a default, must-have feature in every home.

We have integrated all electrical devices, safety, security and entertainment features in a single app, while at the same time preserving the aesthetics of the home and giving the user the convenience of choosing the operating method.

Our Z Nxt is a home automation solution that combines technology with efficiency to provide a sustainable solution and a viable investment for the future. With up to 40% power savings, Wipro Z Nxt home automation solution can enhance overall energy utilization at home”, said Mr. Sanjay Gupta, Sr Vice President, and Business Head – Consumer Lighting and Switches, Wipro Consumer Care and Lighting.

Recently Wipro Lighting launched the Internet of Lighting (IoL) solutions for Smart & Connected indoor & outdoor lighting using IoT and Big Data which is the ideal confluence of lighting and technology. The IoT solution will usher in a new revolution in office, institutions and outdoor lighting sectors.

Analog Devices Enhanced A2B Transceivers Deliver Unparalleled Flexibility for Emerging Applications

Analog Devices, Inc. (ADI) announced today three enhanced Automotive Audio Bus (A2B) transceivers that deliver unprecedented capability to tailor a system-level performance to even the most stringent electromagnetic compatibility (EMC) requirements.

The new AD242x series offers configurable transmit power levels, enabling the developer to match system performance to specific OEM EMC requirements – a key design criterion for all feature-rich automotive infotainment systems.

The transceivers also allow expanded use cases for microphone connectivity and significantly reduce cabling complexity by distributing audio and control data plus clock and power over a single, unshielded twisted-pair wire.

nalog Devices Enhanced A2B Transceivers Deliver Unparalleled Flexibility for Emerging Applications
analog devises Enhanced A2B Transceivers Deliver Unparalleled Flexibility for Emerging Applications

These features drastically lower system cost and are ideal for emerging multi-mic applications such as road noise cancellation, in-car communications, and autonomous driving. The new AD2426W, AD2427W and AD2428W devices are fully pin-compatible with existing series members, simplifying upgrade and speeding time to market.

“The A2B technology has proven to be a simple and cost-effective digital audio interconnect solution with the scalability that enables HARMAN to deliver a broad range of differentiated systems across multiple vehicle platforms,” said Darby Hadley, Vice President Global Engineering, Car Audio SBU for HARMAN Lifestyle Audio Division. “The AD242x series offers a seamless and fast time-to-market upgrade path for our existing A2B car audio solutions.”

More about the AD242x A2B Transceivers

ADI’s A2B technology offers a fully deterministic, scalable and cost-effective means to address the rigorous performance requirements of next-generation, latency-sensitive audio and voice applications. The most recent generation of pin-compatible A2B transceivers extends the core A2B feature set to include additional features that improve system-level flexibility – particularly in microphone array applications.

nalog Devices Enhanced A2B Transceivers Deliver Unparalleled Flexibility for Emerging Applications
analog devises Enhanced A2B Transceivers Deliver Unparalleled Flexibility for Emerging Applications

The new AD242x devices are capable of routing data from up to 4 PDM microphones to the local I2S port for beam-forming or other local data processing.  Further enhancements to the AD242x now allow for concurrently receiving up to 4 PDM mic inputs plus an additional I2S audio stream, addressing advanced mic connectivity use cases.

The AD2426W, AD2427W, and AD2428W are fully compliant with all relevant automotive EMC, EMI and ESD requirements, are fully AEC-Q100 qualified, and operate over the extended automotive temperature range (-40℃ to +105℃).

Support, Pricing, and Availability

The AD242x devices are fully released to production and are available now in a 32-lead LFCSP (5mm x 5mm) package. These new devices and all previously released A2B series members have supported within ADI’s SigmaStudio™ graphical development environment as well as an extensive ecosystem of third party development, prototyping, and evaluation solutions.


Cloud is becoming a standard in information infrastructure, appealing to public and private entities alike because of its many advantages. It’s easily accessible from almost anywhere with an internet connection, readily scalable to the requirements of a project, and can be adopted by organizations of any size or scope.

These advantages are drawing businesses to the cloud in droves. But any transition requires preparation. Where do you start? What should you consider when preparing your business to migrate to the cloud?

First off, consider what setup best suits your business’ requirements. Cloud allows three levels of service. Infrastructure as a Service (IaaS) is the basic level, where your network connects to the cloud server and uses its machines to enhance your processing and storage capabilities.

Cloud computing concept. 3d illustration

The next level is Platform as a Service (PaaS), where your business is given a set of tools on the cloud server to build and run your own programs and applications. Finally, there’s Software as a Service (SaaS), where the programs you require are already on the cloud server; you simply log in and start using them.

Whether using infrastructure, platform or software as a service, the move to cloud services will require a re-evaluation of your budget. Cloud entails a significant shift in spending, moving from capital expenditure, such as keeping your on-premises servers functioning and upgrading them every few years, to operational expenditures.

Your cloud service provider will bill you based on your resource usage over time. You will want to get an idea of your digital resource usage under your current setup, and project what your near-future trend usage will be, to get an idea of the shift in costs.


There’s one consideration seen as particularly important to Australian organizations: data sovereignty. In this case it means the cloud servers are kept on Australian soil – some government departments already have this protocol in place as part of their security requirements. With new security and best-practice standards set to be introduced in the next few years, it may be another measure to consider adopting early.

One final consideration is an exit strategy – from one provider to another. Should you need to migrate, and this does happen, you’ll want to be certain you can move your data unimpeded and without leaving anything behind. The research director for Global Data, Dustin Kehoe, notes that while most cloud providers are open about finalizing contracts, a few have been known to operate like the Hotel California – “You can check-out any time you like, but you can never leave”. Be certain to scrutinize the terms and conditions of a potential provider’s service before committing.

Once you’ve planned your moves, try testing the transition. Kehoe says many businesses start with a point solution. “They take one workload, migrate it to the cloud, and the best outcome you can possibly get is a successful project or a proof-of-concept,” he says. This also gives the organization a chance to uncover any problems or setbacks without risking a big loss. Once teething troubles are addressed, the transition to the cloud can then be scaled up.

STMicro Electronics Becomes First Chip Maker Accredited by the GSMA to Personalize eSIMs for Mobiles and Connected IoT Devices

STMicro electronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is accelerating progress towards a more convenient and secure connected world as the first embedded SIM (eSIM) manufacturer to be accredited by the GSMA for loading eSIM chips with connection credentials such as certificates and operator profiles before shipping.

The eSIMs, customized with connection credentials, enable smaller form factors, greater security, and increased flexibility. Chip-scale, permanently embedded, and electronically reprogrammable, eSIMs save space inside smartphones for extra features or battery capacity, while enabling different types of connected devices in tiny form factors for an expanding range of markets and applications, such as smartwatches and Internet-of-Things (IoT) devices including smart meters, remote sensors, or gateways.

STMicroelectronics Becomes First Chip Maker Accredited by the GSMA to Personalize eSIMs
STMicroelectronics Becomes First Chip Maker Accredited by the GSMA to Personalize eSIMs

Building on existing accreditation to manufacture eSIM chips that meet the GSMA’s specifications for security and reliability, ST is speeding ahead of other chip makers by gaining further accreditation for securely applying eSIM personalization data, according to the GSMA’s Secure Accreditation Scheme for UICC Production (GSMA SAS-UP).

ST can now deliver personalized eSIMs, built around the proven ST33 secure microcontroller, directly to customers’ production facilities, ready to use with no further programming required. Equipment OEMs, mobile network operators, and SIM operating-system (OS) vendors can thus enjoy greater convenience, economy, and business efficiency by streamlining the eSIM supply chain to save handling overheads and reduce time to market.

The SAS-UP accreditation of ST’s Rousset (France) production site for the personalization of WLCSP SIMs and eSIMs is a significant move in driving widespread adoption of trusted eSIM devices by enabling consumer and IoT device manufacturers to implement eSIM in very small form factors,” confirmed Jean-Christophe Tisseuil, GSMA’s Head of SIM and eSIM. “SAS-UP is a first and essential step towards a secure and trusted eSIM market deployment.

STMicroelectronics Becomes First Chip Maker Accredited by the GSMA to Personalize eSIMs
STMicroelectronics Becomes First Chip Maker Accredited by the GSMA to Personalize eSIMs

“The eSIM is an important technological advance that makes it possible to build the connected world of the future, safely. The GSMA’s certification scheme governing production and personalization is critical for its success,” said Marie-France Florentin, Group Vice President, General Manager, Secure Microcontroller Division, STMicroelectronics. “Now that ST is accredited to produce and personalize eSIMs before shipping, our customers can benefit from greater efficiency and security throughout the entire supply chain, with all the safeguards and assurances provided by the GSMA’s ecosystem.

Accelerate Business Transformation With Cloud-Based IoT Solutions

Cloud-based Internet of Things (IoT) solutions is transforming the ways the companies are doing business today. IoT solutions are helping businesses to understand their customers/markets by providing intelligent inputs and feedback and in turn, enabling them to monitor and manage their resources for optimum returns.

Multi-function IoT solutions require the integration of multiple solutions on to a single technology platform. Global Channel Resources India Pvt. Ltd. (GCR India) offers vertical focused, comprehensive IoT solutions by validating and integrating such solutions available through multiple vendors.

The role of the MSPs (IT Managed Service Providers) is paramount in implementing such solutions. The challenge for the MSPs is that their focus is more on solution implementation rather than doing design and development to integrate the IoT solutions.

Accelerate Business Transformation With Cloud-Based IoT Solutions
Accelerate Business Transformation With Cloud-Based IoT Solutions

Thus, they find it difficult to service the market demand. This is where GCR India comes into the forefront to play a pivotal role by offering a cloud-based technology platform and an online marketplace to help MSPs to deploy SaaS connected, pre-integrated IoT solutions, worldwide.

GCR India’s online marketplace connects global IoT vendors (ISVs) with the end customers, through the skilled MSPs.  It collaborates with worldwide cloud-based/networking solution providers and enables channel partners providing IoT solutions and cloud services. GCR also offers a combination of smart connected IoT hardware and software solutions to serve end-customers via its MSP partners. GCR India’s unique platform fortifies its Solution Partners to provide a wide range of solutions, services, and applications to help accelerate business growth and keep pace with the development of the Internet of Things and Cloud Computing era.

The current channel maintains the flow from product vendors, distributors, system integrators and telecom services providers, before finally handing over to the customer. In the near future, the role of the distributor will be shortened to form a path from product vendors and system integrators straight to a Managed Service Provider/Telecom operator and then to the customer.

Dubbed as Channel 3.0 model, managed service providers will play a notable role in the ecosystem by improving operations and cutting expenses by outsourcing day-to-day management responsibilities and functions. This can include outsourcing human resource activities, production support, and life cycle management activities, which speed up the process flow and improve efficiency.

Commenting on the Channel 3.0 concept, Tony Tsao, Founder & CEO, GCR said, “It will enable progressive changes in IoT service business models. Solution providers deliver applications from single to integrated solutions, or even massively migrate to collaborative solutions. And the system platform has been transformed from Machine-to-Machine (M2M), focusing on serving individual machines with better quality, and aggregating systems to remove redundant information already transmitted by other machines.

New service models will emerge by adapting complex applications driven by open collaboration architectures” added Tsao.

A lot of these IoT solutions are license based and are offered on the OPEX model, saving large capital investments. GCR currently offers vertical focused IoT solutions for Education, Enterprise Training, Retail, Hospitality, Manufacturing, and Logistics.

Evaluating A Start-Up Before Investment

Many investment possibilities are available in the globe of finance. The market is saturated, so you will discover the right investment chance to meet your investment style and wishes. However, your issue is whether a start-up is appropriate for investment.

Investment in start-ups and tiny firms has lately become common when it goes to distinct investment possibilities. In other words, this industry seemed to explode with stakeholders who were searching to invest intelligently to safeguard their economic future.

There is a number of the variables that you need to take account beforehand to ensure that you have taken the correct choice if you are also trying to invest in a start-up in the aim of either producing favorable returns or ensuring your financial future in any other context.

You should first arrange an interview with them before you choose to spend your assets in any company, particularly a start-up. You will therefore see and hear people you might end up doing business from one person to the next.

In addition, you will begin constructing an early connection with individuals, which could be a lot later if you genuinely decide to invest in your company. Lastly, demonstrate to them what intelligent capital to you implies. Make sure that you appreciate as much as you make cash by spending your time and energy.

Next, you should invite them to show you the goals and strategies of their company once the original conference is over. You should demonstrate your organizational objectives and anticipated results and your main company metrics during this method.

These main measurements are among the first measures to construct a basis. When it comes to deciding whether to spend or not, you’ll base your choices on whether to move to a specific company subsequently.

The pitch is either the start or the end of any additional cooperation. The reality is that a company must genuinely persuade you–the investor–that this is a good chance for investment. A company should demonstrate the investor what they can expect with their company attempts to achieve the required achievement.

Naturally, it enables always to define obviously the pitch time and deadline and to keep it as official as necessary. In addition, economic issues are some of the most important issues that must be asked during this phase.

You will wonder how both the good times and the bad times they plan to manage finances. You’re going to ask social evidence questions.

There are some errors that you must prevent when this portion of the method is involved. In the first place, do not act with a company if you would like to register an NDA prior to exchanging any delicate company data with you.

Furthermore, if they seem not driven or energetic enough to create their position on the market, it is best to proceed with your quest for a stronger applicant.

Once it is all said and completed, it is time to take your ultimate choice and all the required talks and all the essential documents and information submitted. Besides all the proof, your intestine is something else to consider.

All you have might sound like a good investment chance, but sometimes if things seem too easy, there may be a mistake. Without professional guidance, many problems can be missed, so your intestinal sensation can be the ultimate consideration for you. 

If you’re told to go–what do you expect? It’s your cash and your potential achievement online, after all, and certainly, you should.