On Friday, Shares of TE Connectivity Ltd (NYSE:TEL), subtract -1.34% and closed at $63.92 in the last trading session. The last trading range of the stock ranges between $63.63 and $64.74. The company’s Market capitalization is $22.42 Billion with the total Outstanding Shares of 355.55 Million. During the 52-week trading session the minimum price at which share price traded, registered at $51.70 and reached to max level of $67.99. Silicon Mobility, a technology leader developing semiconductors for cleaner, safer and next generation connected vehicles declared recently it has reached a contract with Harvest Administration Partners (HMP) to assist develop its business development activity. HMP will assist Silicon Mobility in increasing its visibility and strengthen its presence in the Silicon Valley, the epicentre for automotive technology, in regards to its eco-system for Advanced Driver Assistance Systems (ADAS) and hybrid, electric, and driverless vehicles.
“The Automotive sector is evolving; facing greater opportunities and challenges: tighter regulation, disruptive new players, demand for breakthrough technology, and increasingly complex business models. HMP will assist Silicon Mobility to increase its market visibility into this exceptional eco-system that drives the global market,” said Bruno Paucard, CEO of Silicon Mobility.
“We are delighted to have been selected by Silicon Mobility as business partners and advisors here in the Silicon Valley and to assist them develop a new eco-system targeting the next generation of clean transportation,” stated Kyle Park, Managing Director at Harvest Administration Partners. “This complements our long standing relationship with Fiat Chrysler Automotive and more recently with TE Connectivity. Silicon Mobility’s innovative technology will be a critical component for this new transportation supply chain,” stated Alain Labat, Managing Director at Harvest Administration Partners.
Shares of Eastman Chemical Company (NYSE:EMN), subtract -1.80% and closed at $66.47 in the last trading session. The last trading range of the stock ranges between $66.10 and $67.92. The company’s Market capitalization is $9.64 Billion with the total Outstanding Shares of 147.66 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $56.03 and reached to max level of $78.79. Eastman Chemical Company, a specialty chemical company, manufactures and sells materials, chemicals, and fibers in the United States and internationally. The companys Additives & Functional Products segment offers solvents, counting specialty coalescents, ketones and esters, glycol ethers, and alcohol solvents; cellulose and polyester-based specialty polymers, and paint additives; insoluble sulfur products; antidegradants; hydrocarbon resins; specialty intermediates, performance products, and formic acid; and alkylamine derivatives. This segments products are used in the coatings, tires, consumables, animal nutrition, crop protection, and energy markets. Its Adhesives & Plasticizers segment manufactures adhesives resins and plasticizers used in the consumables, building and construction, health and wellness, industrial chemicals and processing, and durable goods markets. The company Advanced Materials segment provides specialty copolyesters, cellulose esters, polyvinyl butyral, and window film products for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness products. Its Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers for manufacturing cigarette filters; Estron natural and Chromspun solution dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers, in addition to acetyl chemical products. The companys Specialty Fluids & Intermediates segment provides specialty fluids, acetyl chemical intermediates, olefin derivatives, and alkylamines used in industrial chemicals and processing, building and construction, health and wellness, and agrochemicals markets.