NXP Tech Days — NXP Semiconductors N.V. (NASDAQ:NXPI) expands its scalable S32 vehicle compute platform with the introduction of the S32M2. The purpose-built motor control solution is optimized for efficiency improvement across vehicle applications such as pumps, fans, sunroof and seat position, seat belt pretensioners, trunk openers and more. Building on the success of the S12 MagniV® portfolio, the S32M2 combines NXP’s motor control heritage and the software development benefits of the S32 platform. The highly integrated system-in-package solution adds the power and analog functions as well as extensive software libraries required for motor control to NXP’s widely adopted S32K microcontrollers. It addresses the needs of the emerging software-defined electric vehicle market and enables carmakers to fully optimize product development and to maximize software re-use across S32 platform implementations.
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JP Morgan raised the price target for The Progressive Corporation (NYSE: PGR) from $146 to $149. JP Morgan analyst Jimmy Bhullar maintained an Overweight rating. Progressive shares fell 0.8% to close at $139.30 on Friday.
