A subsidiary of Cypress Semiconductor Corporation (NASDAQ:CY) [Trend Analysis], Deca Technologies declared with Advanced Semiconductor Engineering, Inc. (ASX) that they signing of contract whereby ASE will invest $60M in Deca and will license Deca’s M-Series Fan-out Wafer-Level Packaging (FOWLP) technologies and processes. As division of contract, ASE and Deca will jointly develop the M-Series fan-out manufacturing process and will expand production of chip-scale packages using this technology. The technology is required for the reduced size and power consumption needed for portable Internet of Things (IoT) applications and smartphones. Deca’s version of it uses autoline technology developed by SunPower to decrease cost and manufacturing cycle time.
Chairman of Board at Deca Technologies and president and CEO of Cypress Semiconductor Corp, T.J. Rodgers, stated that at Cypress we have experienced the efficiency of Deca’s M-Series technology with their own chips and brought its benefits to our customers. With this investment from ASE, Deca now has strong validation of M-Series as a technology that will bring fan-out wafer-level packaging to mass production. This contract is a significant proof point for Deca and for Cypress’s ongoing strategy of investing in startups as part of their Emerging Technologies Division.
Cypress Semiconductor Corporation (NASDAQ:CY) attempts to attain leading position in street, Shares price changes as it -0.11% to close at $9.04 with the total traded volume of 13.98 Million shares. The firm has institutional ownership of 92.30%, while insider ownership included 3.70%. Its price to sales ratio ended at 1.69. CY attains analyst recommendation of 2.30 with week performance of 6.60%.
Marvell Technology Group Ltd. (NASDAQ:MRVL) [Trend Analysis] released that it has signed contract with Starboard Value LP, which has a beneficial ownership of around 6.5% of firm’s outstanding common stock, regarding composition of Marvell’s BOD. Under the terms of contract, Marvell’s Board of Directors will elect Peter A. Feld, Richard S. Hill and Oleg Khaykin to the Board.
Starboard will designate an additional independent director to be added to Marvell Board as soon as practical, subject to the reasonable authorization of Board. Marvell will also elect Robert E. Switz to the Board. Mr. Feld, Mr. Hill, Mr. Khaykin and the additional independent director named in accordance with the agreement will stand for election as nominees of Marvell at the Marvell 2016 annual meeting of shareholders, together with Mr. Switz and incumbent independent directors Juergen Gromer, John Kassakian, Arturo Krueger and Randhir Thakur.
Marvell Technology Group Ltd. (NASDAQ:MRVL) moved up reacts as active mover, shares an increase 0.58% to traded at $10.44 and the percentage gap between open changing to regular change was -0.19%. The firm’s current ratio calculated as 3.20 for the most recent quarter. The firm has total debt to equity ratio measured as 0.00. The firm has 20-Day Simple Moving Average has