Multi-year Program Created to Support Female Talent Pursuing Engineering Careers

GLASGOW, Scotland, Oct. 11, 2024 /PRNewswire-PRWeb/ — Cirrus Logic, a leading semiconductor company, announced the launch of a new scholarship program at the University of Strathclyde to increase the number of women completing engineering degrees. Two merit scholarships will provide financial support for up to four years for second-year female students in the Department of Electronic and Electrical Engineering, who are passionate about STEM and demonstrate academic excellence.

“We want to inspire and support the next generation of engineers, in this case women in engineering, a group currently underrepresented,” said Eddie Sinnott, Director of Marketing and Applications, Cirrus Logic. “Diversity helps to drive innovation and success in the semiconductor industry. These scholarships will provide two, high-achieving students with the resources they need to achieve their goals and help us cultivate future engineering talent.”

“Cirrus Logic supports STEM programs in our communities around the world to foster future engineering talent,” said Denise Grodé, Chief Human Resource Officer, Cirrus Logic. “Women currently account for a smaller fraction of the global engineering workforce. We want to encourage and support more women pursuing engineering as a career path.”

The Cirrus Logic Merit Scholarships will provide opportunities for female students entering their second year of studying for a bachelor’s or master’s degree in engineering. Recipients will also be considered for internship opportunities with Cirrus Logic for real-world engineering experience and mentorship by Cirrus Logic engineers.

“As a University, we are committed to encouraging more females to consider STEM-related careers, and in particular, to help address the gender imbalance within engineering disciplines,” said Professor Anthony Gachagan, Head of Department for Electronic and Electrical Engineering at the University of Strathclyde. “We’re delighted to grow our relationship with Cirrus Logic to offer a life-changing opportunity for two of our female engineering students.”

The application process will start in mid-October, with recipients announced in November. Eligible students will be contacted when the scholarship applications open.

About Cirrus Logic

Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world’s top mobile and consumer applications. With headquarters in Austin, Texas, Cirrus Logic is recognized globally for its award-winning corporate culture. Check us out at http://www.cirrus.com.

Cirrus Logic, Cirrus and the Cirrus Logic logo are registered trademarks of Cirrus Logic, Inc. All other company or product names noted herein may be trademarks of their respective holders.

University of Strathclyde

The University of Strathclyde is a leading international technological university based in the centre of Glasgow.

Inspired by our founding principle as ‘a place of useful learning,’ our mission is to make a positive difference to the lives of our students, to society and to the world.

Strathclyde students benefit from an innovative and practical educational experience enhanced by its integration with our research capabilities, high-quality academic resources and an unparalleled industry engagement programme.

The excellence of our research is evidenced by the growth in range and scale of our research collaborations and by our performance in the Research Excellence Framework 2021 where almost 90% was rated ‘world-leading’ or ‘internationally-excellent.’

We have redefined how we collaborate and work with industry, government and the third sector to ensure innovation and knowledge exchange are fundamental activities that deliver tangible impact.

Strathclyde was named Scottish University of the Year 2024 in the inaugural Daily Mail University Guide, Sunday Times Good University Guide Scottish University of the Year 2020, Times Higher Education UK University of the Year 2019, and was awarded a Queen’s Anniversary Prize for Higher and Further Education for its excellence in energy innovation in 2020, for excellence in advanced manufacturing in 2022 and for excellence in photonics research in 2023.

Media Contact

Derrick Shannon, Touchdown PR, 5125994015, cirruslogic@touchdownpr.com

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SOURCE Cirrus Logic

MEMPHIS, Tenn., Oct. 11, 2024 /PRNewswire/ — International Paper (NYSE: IP) is pleased to announce today that it received the necessary shareholder approval for its pending acquisition of DS Smith (LSE: DSS), (the “Combination”). Earlier this week, DS Smith also received the necessary shareholder approval for the Combination.

International Paper will report the final vote results of the special shareholder meeting in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”). International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions.

“The overwhelming approval from both DS Smith and IP shareholders confirms the strong support of this combination,” said Andy Silvernail, Chairman and CEO of International Paper. “Bringing the two companies together will create a true global leader of sustainable packaging solutions which will drive significant value for our employees, customers and shareholders.”

About International Paper
International Paper (NYSE: IP) is a global provider of renewable fiber-based packaging and pulp products, and one of the world’s largest recyclers. Headquartered in Memphis, Tenn., we employ approximately 39,000 colleagues globally who are committed to creating what’s next. We serve customers worldwide, with manufacturing operations in North America, Europe, Latin America and North Africa. Net sales for 2023 were $18.9 billion. Additional information can be found by visiting International Paper.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release that are not historical in nature may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as “expects,” “anticipates,” “believes,” “estimates,” “could,” “should,” “can,” “forecast,” “intend,” “look,” “may,” “will,” “remain,” “confident,” “commit” and “plan” or similar expressions. These statements are not guarantees of future performance and reflect management’s current views and speak only as to the dates the statements are made and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. All statements, other than statements of historical fact, are forward-looking statements, including, but not limited to, statements regarding the anticipated financial results, economic conditions, industry trends, future prospects and the execution and consummation of corporate transactions or contemplated acquisitions including the acquisition of DS Smith Plc (the “Combination”). Factors which could cause actual results to differ include but are not limited to: (i) our ability to consummate and achieve the benefits expected from, and other risks associated with, acquisitions, joint ventures, divestitures, spinoffs, capital investments and other corporate transactions, including, but not limited to, the Combination and our ability to integrate and implement our plans, forecasts, and other expectations with respect to the combined company; (ii) uncertainty as to whether or when the Combination may be completed, if at all; (iii) risks with respect to climate change and global, regional, and local weather conditions, as well as risks related to our targets and goals with respect to climate change and the emission of greenhouse gases (“GHG”) and other environmental, social and governance matters, including our ability to meet such targets and goals; (iv) loss contingencies and pending, threatened or future litigation, including with respect to environmental related matters; (v) the level of our indebtedness, risks associated with our variable rate debt, and changes in interest rates (including the impact of interest rate levels); (vi) the impact of global and domestic economic conditions and industry conditions, including with respect to current negative macroeconomic conditions, inflationary pressures and changes in the cost or availability of raw materials, energy sources and transportation sources, supply chain shortages and disruptions, competition we face, cyclicality and changes in consumer preferences, demand and pricing for our products, and conditions impacting the credit, capital and financial markets; (vii) risks arising from conducting business internationally, domestic and global geopolitical conditions, military conflict (including the Russia/Ukraine conflict, the conflict in the Middle East, the possible expansion of such conflicts, and the potential geopolitical and economic consequences associated therewith), changes in currency exchange rates, trade protectionist policies, downgrades in our credit ratings, and/or the credit ratings of banks issuing certain letters of credit, issued by recognized credit rating organizations; (viii) the amount of our future pension funding obligations, and pension and healthcare costs; (ix) the costs of compliance, or the failure to comply with, existing and new environmental (including with respect to climate change and GHG emissions), tax, labor and employment, privacy, anti-bribery and anti-corruption, and other U.S. and non-U.S. governmental laws and regulations; (x) any material disruption at any of our manufacturing facilities or other adverse impact on our operations due to severe weather, natural disasters, climate change or other causes; (xi) our ability to realize expected benefits and cost savings associated with restructuring initiatives; (xii) cybersecurity and information technology risks, including as a result of security breaches and cybersecurity incidents; (xiii) our exposure to claims under our agreements with Sylvamo Corporation; (xiv) our failure to realize the anticipated benefits of the spin-off of Sylvamo Corporation and the qualification of such spin-off as a tax-free transaction for U.S. federal income tax purposes; and (xv) our ability to attract and retain qualified personnel. These and other factors that could cause or contribute to actual results differing materially from such forward-looking statements can be found in our press releases and other reports filed with the SEC. In addition, other risks and uncertainties not presently known to IP or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. IP undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

IP’s Definitive Proxy Statement filed with the SEC on September 12, 2024, as supplemented on October 1, 2024 (the “Proxy Statement”) relating to the issuance by International Paper of new shares of common stock, par value $1.00 per share to the shareholders of DS Smith in connection with the Combination (the “Share Issuance”)”, its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2024, and June 30, 2024, contain additional information regarding forward-looking statements and other risk factors with respect to IP.

Additional Information
This press release may be deemed to be solicitation material in respect of the Combination, including the Share Issuance. To the extent IP effects the Combination as a scheme of arrangement under the laws of the United Kingdom, the Share Issuance does not require registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”), pursuant to an exemption provided by Section 3(a)(10) under the Securities Act. In the event that IP determines to conduct the Combination pursuant to an offer or otherwise in a manner that is not exempt from the registration requirements of the Securities Act, it will file a registration statement with the SEC containing a prospectus with respect to the Share Issuance. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE SCHEME DOCUMENT, AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT IP, THE COMBINATION, THE SHARE ISSUANCE, AND RELATED MATTERS.

Investors and shareholders will be able to obtain free copies of the Proxy Statement and other documents filed by IP with the SEC at the SEC’s website at http://www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the Proxy Statement, the scheme document, and other documents filed by IP with the SEC at https://www.internationalpaper.com/investors.

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SOURCE International Paper

NEW YORK, Oct. 11, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Automotive Body Control Module Market  size is estimated to grow by USD 2.30 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.5% during the forecast period. Multiple scalable automotive BCMS for different vehicle categories is driving market growth, with a trend towards increasing demand for small and reliable automotive BCMS . However, increasing cost pressure faced by OEMS poses a challenge – Key market players include Aptiv Plc, Continental AG, DENSO Corp., FEV Group GmbH, HELLA GmbH and Co. KGaA, Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Information Technologies Institute Intellias LLC, Lear Corp., Mitsubishi Electric Corp., Nidec Corp., NXP Semiconductors NV, OMRON Corp., Renesas Electronics Corp., Robert Bosch GmbH, Samvardhana Motherson International Ltd., STMicroelectronics International N.V., and Texas Instruments Inc.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Key Market Trends Fueling Growth

The Automotive Body Control Module (BCM) market is witnessing significant growth due to the increasing complexity of vehicle designs. While multiple BCMs are used to manage the electronic content in vehicles, there is a rising demand for compact and reliable BCMs. Manufacturers like Aptiv Plc, Continental AG, Robert Bosch GmbH, Texas Instruments Inc., and DENSO Corp., are meeting this demand by producing small, yet powerful BCMs. These BCMs enable efficient communication between electronic body components using ASIC and SMD technology. The compact size of these modules ensures that they can effectively deliver safety, comfort, and convenience functions in real-time to end-users. This trend towards innovation and the need for small, reliable modules is expected to drive the global automotive BCM market during the forecast period. 

The Automotive Body Control Module (BCM) market is experiencing significant growth, driven by the increasing demand for advanced features in vehicles. BCMs control various functions such as lighting, windows, door locks, wipers, switches, sensors, and more in both passenger cars and commercial vehicles. Trends in this market include the integration of AI, energy efficiency, safety features, and smart infrastructure in electric and autonomous vehicles. Personalized in-car experiences, telematics, infotainment systems, keyless entry, and automatic wipers are also gaining popularity. BCMs use various networks like Controller Area Network (CAN), Local Interconnect Network (LIN), and Ethernet to connect various vehicle systems. Vehicle connectivity through Bluetooth, Wi-Fi, NFC, and IoT is also on the rise, enabling features like voice recognition and cloud services. Safety systems, such as electronic control units, lights, power windows, central locking, climate control, horn, and sensors, are essential components of BCMs. Overall, the market for BCMs is expected to grow significantly due to the increasing demand for advanced features in vehicles. 

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Market Challenges

OEMs face significant cost pressure due to increasing regulations and customer demands, leading to higher production costs. Stringent emission norms and substantial R&D investments add to the financial burden. To maintain profitability, OEMs absorb these costs, limiting their ability to pass them onto consumers. Consequently, they must reduce production costs and ensure product quality. Outsourcing manufacturing to low-cost countries, such as China, Taiwan, and South Korea, is a common strategy. However, rising labor costs in these countries pose a challenge. These factors may negatively impact the automotive Body Control Module (BCM) market, as OEMs seek cost savings without compromising quality.The Automotive Body Control Module (BCM) market is witnessing significant growth due to the increasing demand for advanced comfort and security features in passenger cars. BCMs manage various functions such as power windows, central locking, climate control, horn, voice recording, and vehicle connectivity. Challenges in this market include integrating new technologies like Internet of Things (IoT), smartphones, cloud services, Bluetooth, Wi-Fi, and Near Field Communication. Automakers are partnering with Tier 1 suppliers to develop BCMs that can handle CAN, Ethernet, and other bus systems. Security and access are key concerns, with BCMs acting as gateways for remote modules and loads. ECUs, microcontrollers, printed circuit boards, input-output devices, and bus transceivers are essential hardware components. BCMs must cater to various vehicle model variants and vehicle types, including light-duty vehicles.

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Segment Overview 

This automotive body control module market report extensively covers market segmentation by

Application 1.1 Passenger cars1.2 Commercial vehiclesGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Passenger cars-  The automotive body control module (BCM) market holds significant growth potential, particularly in the passenger cars segment. BCMs in passenger cars manage various electronic accessories and systems, such as lighting, windows, door locks, seat controls, air conditioning, and more. They ensure the smooth operation of these systems, enhancing the driving experience and vehicle safety. The increasing demand for advanced and connected passenger cars is a major market driver. Modern passenger cars incorporate sophisticated electronics, necessitating BCMs to manage system complexity efficiently. The rise of electric and hybrid vehicles further boosts demand for advanced BCMs due to their intricate control requirements. Technological advancements, including autonomous driving features and advanced driver assistance systems (ADAS,) fuel market growth. These features require reliable and efficient BCMs for proper functionality and safety. Consumer expectations for comfort, convenience, and enhanced vehicle performance also drive demand for innovative BCM solutions. Automakers invest in research and development to integrate cutting-edge technologies, catering to evolving market needs. These factors are expected to drive the growth of the passenger cars segment of the automotive BCM market during the forecast period.

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Research Analysis

The Automotive Body Control Module (BCM) market refers to the electronic control devices used in vehicles to manage various body functions. These functions include lighting systems, windows, door locks, wipers, switches, sensors, and more. BCMs are integral to modern vehicles, enhancing comfort, convenience, and safety. They are found in both traditional internal combustion engine (ICE) vehicles and electric vehicles (EVs). In ICE vehicles, BCMs manage various systems such as power windows, central locking, climate control, horn, and access controls. In EVs, they also manage charging systems and vehicle connectivity features. BCMs use a network of sensors and switches to monitor vehicle conditions and respond accordingly. They communicate with other vehicle systems through the Electronic Control Unit (ECU) and Gateway modules. BCMs also support advanced safety systems and offer voice recording and security features. Remote modules allow for keyless entry and start, while loads control ensures efficient power distribution.

Market Research Overview

The Automotive Body Control Module (BCM) market encompasses various electronic systems that manage and control various functions in vehicles, including lighting, windows, door locks, wipers, switches, sensors, and more. These modules are essential components in both passenger cars and commercial vehicles, enhancing safety, comfort, and convenience. The market is witnessing significant growth due to the increasing adoption of electric vehicles and autonomous vehicles, which require advanced BCM systems for energy efficiency, safety features, and autonomous driving capabilities. AI, smart infrastructure, telematics, infotainment systems, and personalized in-car experiences are driving the market’s growth. The BCM market includes various hardware components, such as microcontrollers, printed circuit boards, input-output devices, bus transceivers, and Controller Area Network (CAN) and Local Interconnect Network (LIN) systems. Tier 1 suppliers play a crucial role in supplying these components to automakers for various vehicle model variants and types, including passenger cars, light-duty vehicles, and commercial vehicles. Vehicle connectivity through the Internet of Things (IoT), smartphones, cloud services, Bluetooth, Wi-Fi, and Near Field Communication (NFC) is also a significant trend in the market. Security and access controls are essential considerations for BCMs, ensuring the protection of vehicles and their occupants.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPassenger CarsCommercial VehiclesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio