STMicroelectronics Collaborates With Indie Semiconductor To Enhance In-Car Wireless Charging Privacy And Security
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (NYSE:STM) has introduced the STSAFE-V100-Qi secure element to enhance privacy and security for in-car wireless charging, meeting the latest Wireless Power Consortium specifications and certified to common criteria EAL4+. STM collaborates with indie Semiconductor (NASDAQ:INDI) to integrate this secure element into indie's Qi wireless in-car charging reference design. The STSAFE-V100-Qi supports secure boot, storage, and software updates, protecting against risks like tampering and counterfeiting. indie's reference design features its iND87200 wireless-charging IC, which reduces material costs and simplifies compliance. The STSAFE-V100-Qi is currently sampling to lead customers and will enter full production in Q4 2023.
November 29, 2023 | 2:04 pm
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indie Semiconductor is collaborating with STMicroelectronics to incorporate the STSAFE-V100-Qi secure element into its Qi wireless in-car charging reference design.
indie Semiconductor's collaboration with STMicroelectronics to integrate the STSAFE-V100-Qi into its reference design is likely to have a positive impact on INDI's stock. This partnership could enhance indie's product offering and market competitiveness by providing a more secure and efficient wireless charging solution for the automotive industry. The integration of advanced security features aligns with industry trends and customer demand for enhanced cybersecurity, which could lead to increased business opportunities for indie Semiconductor.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
STMicroelectronics has launched a new secure element, STSAFE-V100-Qi, enhancing in-car wireless charging security and is collaborating with indie Semiconductor for its integration.
The introduction of the STSAFE-V100-Qi secure element by STM is likely to be viewed positively as it addresses the growing concern for cybersecurity in automotive applications. The collaboration with indie Semiconductor could lead to increased adoption of STM's technology in the automotive sector, potentially boosting STM's market share and revenues in this niche. The news indicates progress in product development and strategic partnerships, which are typically well-received by investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80