IDC warns of significant shrinkage to semiconductor market with Covid-19 pandemic

IoT Tech news | March 24, 2020

IDC has offered a gloomy analysis of the semiconductor market amid the Covid-19 pandemic, suggesting significant shrinkage compared with the earlier expected minor overall growth.
In its latest report, titled Impact of COVID-19 on the Worldwide Semiconductor Market Forecast, IDC notes that despite the disruption, to human life as well as the international technology supply chain, the report states that there is still a one-in-five chance that the market would bounce back from the contagion in 2020. The most probable results for this event would be a year-over-year revenue loss of 6% for the worldwide semiconductor market in 2020, says IDC, giving the scenario a probability of 54%. The entire semiconductor segment is likely to see a loss of $25.8b and the effect will be felt throughout the year. According to the market researcher, the demand for systems and availability of components would be at their lowest for some time, but will gradually start recovering once the outbreak is in control.

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SOFTWARE AND TOOLS

Former GM Mobility, IoT and AI at Microsoft, Jim Hudak, Joins MCE’s Advisory Board

MCE Systems Ltd | December 19, 2022

MCE Systems Ltd., the global leader in digital Device Lifecycle Management (dDLM) for mobile and IoT devices, announces today it has appointed Jim Hudak, a senior executive formerly focused on Mobility, IoT and AI at Microsoft, to the MCE advisory board. Jim joins a group of world-renown MCE advisory board members including Dr. Il-ung (IU) Kim (former President of SK Telecom), Mike Sutcliff (former Accenture Digital Group CEO), Scott Rice (former Sprint CIO), Teresa Ostapower (former AT&T SVP Technology Transformation), and John Elliott (former McKinsey Partner), who was announced earlier this week. Jim is a proven senior executive with a successful history of structuring, managing, and leading sales, business development and partnership programs. He has a demonstrated ability to identify, develop, and drive new revenue through strategic growth initiatives by applying new and emerging technologies coupled with innovative GTM and partnership programs. His breadth of experience includes industries such as: energy, federal government (U.S.), healthcare, industrial (discrete and process manufacturing), and retail/CPG, service provider/telco, smart city/building/home, transportation and logistics. “It is a privilege to be appointed to MCE’s advisory board at a time when we are seeing exponential growth in adopting digital-first customer experience transformations,” says Jim, MCE Advisory Board Member. “The pandemic advanced the demand for digital solutions and MCE has found a way to digitize Device Lifecycle Management through an innovative platform that puts intelligence in the hands of the users to solve device-related requests quickly. This has created a great opportunity for telco companies to accelerate digital transformation for device-related journeys to improve CX, costs to serve and revenues.” "Jim is a consummate professional whose keen insight into AI and business will help lead MCE as it grows strategically” says Yuval Blumental, MCE Co-Founder & CEO. “We really see Jim’s capabilities in developing revenue-accelerating partnerships and advising MCE on key expansion areas. By appointing Jim to the MCE Advisory Board, we are continuing our tradition of gaining leading business expertise to support our mission of providing disruptive digital transformation solutions to the telco industry ecosystem.” Jim most recently came from Microsoft and Accenture. He has spent his career in mobility, IoT and AI. Jim is also an active investor and advisor. MCE is the pioneer in digital-first mobile device lifecycle management (dDLM) for operators and their partners since 2005. MCE’s industry-leading dDLM platform solutions mobilize operations, increase revenues, and decrease inefficiencies. Specific solutions range from device diagnostics and trade-in management with a price guarantee, to handling device returns. All are omnichannel-ready with world-class virtualization and provide fully integrated data management to anticipate customer needs around device-related customer issues (e.g., device health, upgrade timing, trade-in instead of repair). Over its more than 17 years of experience, MCE has become the trusted mobilizer of extraordinary customer experiences for Tier-1 operators and their partners. Visit www.mce.systems

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ENTERPRISE IOT

Smart Home Innovation Set To Accelerate With Matter

Connectivity Standards Alliance | November 07, 2022

Today members showcased their Matter products at a launch event in Amsterdam with a wide array of categories including motion blinds, occupancy sensors, weather devices, smart plugs, door locks, lighting, gateways, platform components, and Matter-based software applications. Since the release, 190 products have received certification or are in queue for testing and certification. The transition from standards development to standards adoption is clearly accelerating, with 4,400 downloads of the new Matter specification since its release and 2,500 downloads of the Matter software development kit (SDK) from GitHub. With the launch of the Matter certification program for both hardware and software products, there are now eight authorized test labs in 16 locations across nine countries, making it easy to bring Matter products to life. "This is a major inflection point for the IoT. As we become more connected and break down the walls between the digital and physical world, we need to work together to make those connections meaningful. Matter and our membership are tackling this challenge head-on, With collaboration, inclusiveness, and a deep sense of responsibility to the market and consumers, Matter has the power to create a more connected, safe, and useful Smart Home." Tobin Richardson, President and CEO of the Connectivity Standards Alliance CCS Insight, a leading European-based analyst firm, notes that purchase intent for smart devices is on the rise, with 35 percent of households in key European markets intending to purchase smart home products in the next 12 months. Additionally, in recent research by Parks Associates, a US-based firm, interoperability is top-of-mind with consumers, where 73 percent of US households that own or are planning to buy a smart home device say interoperability amongst products is important when choosing which smart home device to buy.* As part of the Matter launch event in Amsterdam, over 100 media and analysts representing 15 countries learned about the latest certified Matter devices, and heard from member leaders on key topics including energy management, security, and empowering Matter developers. Those attending in person were able to see live Matter product demonstrations from 20 companies**. A similar event will be held in China. Members including Silicon Labs, Schneider Electric, Tuya Smart, and Amazon spoke individually about their perspectives on Matter as they relate to their position in the IoT ecosystem. "The promise of Matter is the accelerated proliferation of connected things by bringing simplicity and interoperability to consumers who can now mix and match products from different ecosystems with greater ease and reliability. And the foundation of Matter's interoperability begins at the silicon level," said Matt Johnson, CEO of Silicon Labs. "Silicon Labs is proud to have contributed our breadth of protocol support, depth of wireless expertise, and focus on the IoT to Matter's development." "As a global specialist in energy management and automation, we believe open standards, technology and interoperability of connected products are essential in bringing energy to all, making our homes more sustainable, and energy efficient," said YiFu Qi, Executive Vice President, Home & Distribution Division, Schneider Electric. "We are innovating to bring Matter-ready technology to help homeowners globally achieve net zero homes, by making it easier to utilize the full power of sustainable home energy management systems." "Tuya Smart is committed to breaking down barriers between different smart product brands and categories and creating a more open and neutral IoT ecosystem for the global intelligence market," said Alex Yang, Co-Founder and COO of Tuya Smart. "As a Board member of the Alliance, Tuya participated in Matter's early development, application, and promotion. We also believe that with our extensive and growing partnerships in the IoT industry, the era of connecting everything in a smart way will come soon." "As services like Alexa continue driving rapid smart home adoption, Matter presents a new opportunity to further simplify development for device makers and add to the customer experience of smart home devices from a range of different companies and brands," said Marja Koopmans, Director of Smart Home & Health at Amazon. "As an Alliance board member, founding company and long-time contributor to Matter, we look forward to introducing this open standard to over 100 million Echo and eero devices to make it easier for customers to set up and control their Matter-certified smart home devices." With the initial launch of Matter, a variety of popular smart home product categories are supported including lighting and electrical, HVAC controls, window coverings and shades, safety and security sensors, door locks, video players, protocol bridges, and controllers embedded in many different kinds of products. Looking beyond the initial release, work has begun and is ongoing for new device categories. In addition to teams working on cameras, home appliances, and more advanced energy management use cases, at the event the Alliance announced the formation of new teams to work on closures (such as doors and gates), environmental quality sensors and controls, smoke and carbon monoxide detectors and ambient motion and presence sensing. The Alliance called on all interested companies looking to develop connected solutions in these areas to join the Alliance and build what's next in Matter. Since the release of the specification, twenty companies have joined the Alliance. To learn more about Matter and to be a part of the next generation of the IoT, become a member of the Connectivity Standards Alliance here. The Alliance conducted nine test events and a final Specification Validation Event (SVE) prior to the launch of Matter. Companies that successfully participated in the SVE and can proceed with certification applications include: Amazon, Apple, Assa Abloy, CAME S.p.A., Espressif Systems, Eve Systems, GE Lighting a Savant Company, Google, Grundfos Holding A/S, Infineon Technologies, innovation matters iot GmbH, Latch, LEEDARSON, Legrand, LG Electronics, Longan.Link, Lumi United Technology Co., Ltd., mui Lab, Nanoleaf, Nordic Semiconductor, NXP Semiconductors, OPPO, PanKore, Qorvo, Resideo Technologies Inc., Samsung Electronics, Schlage, Schneider Electric, Sengled, Shenzhen CoolKit Technology Co., Ltd., Shenzhen ORVIBO Technology Co., Ltd., Signify (Philips Hue and WiZ), Silicon Labs, Somfy, TCL, Texas Instruments, Tridonic, Tuya, ubisys, and Universal Electronics. About the Connectivity Standards Alliance The Connectivity Standards Alliance is the foundation and future of the Internet of Things (IoT). Established in 2002, its wide-ranging global membership collaborates to create and evolve universal open standards for the products transforming the way we live, work and play. With its Members' deep and diverse expertise, robust certification programs, and a full suite of open IoT solutions the Alliance is leading the movement toward a more intuitive, imaginative, and useful world. The Connectivity Standards Alliance Board of Directors is comprised of executives from Amazon, Apple, ASSA ABLOY, Comcast, Google, Haier, Huawei, IKEA, Infineon Technologies AG, The Kroger Co., Latch Systems, LEEDARSON, Legrand, LG Electronics, Lutron Electronics, Midea, Nordic Semiconductor, NXP Semiconductors, OPPO, Resideo Technologies, Samsung Electronics, Schneider Electric, Signify (Philips Hue and WiZ), Silicon Labs, Somfy, STMicroelectronics, Texas Instruments, Tuya, and Wulian.

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SECURITY

Finite State Adds Larry Pesce to Scale Guidance and Services for Customer Product Security Teams

Finite State | November 09, 2022

Finite State, the product security leader for connected devices, today announced it has hired Larry Pesce as its Product Security Research and Analysis Director. Pesce will serve as a senior consultant, providing expert guidance and services to product security teams worldwide, including product security program design and development, product red-teaming and penetration testing, software supply chain risk management, and vulnerability management. Recent research from the Ponemon Institute indicates that six of every ten organizations find it increasingly difficult to quickly respond to new vulnerability disclosures that may impact their devices, a reality that becomes especially painful when zero-day vulnerabilities such as last month's OpenSSL vulnerability surface. “Sixty percent of IT and IT security practitioners report that their organizations lack the in-house expertise to stand up a strong security posture and 62% cite a lack of resources, I'm confident that, with Larry's leadership and expertise, he will work closely with our customers to understand their needs, identify their product security gaps, and guide them toward solutions. As our Product Security Research and Analysis Director, Larry will act as an internal voice of our customers to help our product, engineering, R&D, and sales teams develop and deliver the solutions that our customers need right now." Matt Wyckhouse, founder and CEO of Finite State Pesce has held senior security and research positions at leading cybersecurity and IT services and consulting firms including InGuardians, Inc., and NWN Corporation. Earlier in his career, Pesce oversaw IS security at Care New England, a Rhode Island-based healthcare provider. An established cybersecurity thought leader, Pesce serves as a principal instructor and course author at the SANS Institute and has co-hosted the popular Paul's Security Weekly podcast for more than 15 years. “Embedded device security has been a passion of mine since the early 2000s. So long ago that it was well before the dawn of what we now refer to as IoT,” said Pesce. “I’m excited to bring my expertise to Finite State to help our customers utilize effective SBOMs, provide actionable results to issues [vulnerabilities], and affect the security of the IoT software supply chain in a positive manner.” Pesce holds several GIAC certifications, including the Global Industrial Cyber Security Professional (GICSP), the GIAC Certified Incident Handler (GCIH), and the GIAC Assessing and Auditing Wireless Networks (GAWN) credentials. Pesce earned his B.S. in Computer Information Systems from Roger Williams University. About Finite State Finite State empowers organizations to gain control of product security for their connected devices and supply chains. Across the software supply chain lifecycle, Finite State is the single pane of glass for customers that provides continuous visibility into product supply chain risk. Backed by a team of seasoned experts, our automated product security platform arms our customers with the actionable insights, critical vulnerability data, and remediation guidance necessary to mitigate product risk and protect the connected attack surface.

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ENTERPRISE IOT

SORACOM Applies for Listing on the Tokyo Stock Exchange

SORACOM | November 23, 2022

KDDI CORPORATION and SORACOM, INC, a global provider of advanced IoT connectivity services, today announced that SORACOM has applied to list its shares on the Tokyo Stock Exchange. Soracom joined the KDDI Group in August 2017. Since then, Soracom has grown its IoT connectivity platform to support over 5 million IoT connections* for more than 20,000 customers worldwide in industries ranging from energy and manufacturing to payments, consumer electronics, healthcare, and agriculture . From day one, Soracom has made its mission to deliver a global connectivity platform that accelerates speed to market for the teams building tomorrow’s connected world and helps them to pursue success at any scale. To further accelerate its own business growth and global expansion, Soracom began preparation for a potential public offering in 2020. KDDI and SORACOM describe this as a “swing-by” IPO, in which a startup grows with the support of a larger company prior to public offering, as if a space probe accelerates using the gravitational mass of a planet. With appropriate corporate governance systems now in place and demonstrated capacity for independent management, Soracom has now applied to list its shares on the Tokyo Stock Exchange. Prior to any such listing, it is necessary to obtain listing approval from the Tokyo Stock Exchange and complete examination by the Japan Exchange Regulation. This application does not establish any specific commitments regarding listing availability or timing. This press release has been prepared for the sole purpose of publicly announcing that the Company has applied to list its shares on the Tokyo Stock Exchange, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Any securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. If any public offering of securities is made in the United States, it will be made by means of an English language prospectus prepared in accordance with the U.S. Securities Act of 1933.

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