Day: November 12, 2021

SK hynix Receives ISO 26262 FSM Certification, the International Functional Safety Standard in Automotive Semiconductors

Published: Nov. 11, 2021 at 6:00 PM CST|Updated: 16 hours ago

– Awarded the Automotive Safety Integrity Level D (ASIL-D), the highest level of initial hazard defined within ISO 26262

– Certification to raise company’s competitive edge in semiconductor memory technology for ADAS and other autonomous vehicle solutions

SEOUL, South Korea, Nov. 11, 2021 /PRNewswire/ — SK hynix announced that it has received an ISO 26262: 2018 FSM (Functional Safety Management) certification, the international standard for functional safety in automotive semiconductors. The global automotive functional safety certification institute, TUV Nord, conducted the assessment. Both companies commemorated the distinction by hosting an online ceremony. In attendance at the ceremony were Daeyong Shim, Head of Automotive Business, and Junho Song, Head of Quality System, from SK hynix and Bianca Pfuff, Profit Center Manager Functional Safety and Deputy Head of Certification Body SEECERT, and Josef Neumann, Senior

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Why Rivian Automotive Stock Zoomed Again Today

What happened

Shares of new initial public offering (IPO) electric car upstart, and purported Tesla-killer Rivian Automotive (NASDAQ:RIVN) tore up the track yesterday, racing out of the gate on IPO Day to score a 29% gain.

Do you think a gain of that size might have caught a few investors’ attention, and enticed them to try to join in the momentum trade? It did. Today as of 10:45 a.m. EST, Rivian stock is up another 10%.

Two smiling kids in a battery powered toy truck.

Image source: Getty Images.

So what

But seriously, that’s all that’s happening today. There is literally no new news to justify today’s rise in stock price. No news to explain why Rivian is now — as Barron’s puts it — “the most valuable U.S. auto maker after Tesla.”

Now what

With a market capitalization rapidly approaching $114 billion, Rivian stock is now more expensive than either General Motors ($89 billion) or Ford Motor

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