SANTA ROSA, Calif. - Keysight Technologies , Inc. (NYSE: NYSE:KEYS), a notable player in electronic measurement, and Analog Devices , Inc. (NASDAQ:ADI), a leading semiconductor company, have announced a collaboration to advance testing solutions for automotive Gigabit Multimedia Serial Link (GMSL2) devices. This partnership aims to enhance the quality and performance of systems that support Advanced Driver Assistance Systems (ADAS) by developing Physical Medium Attachment (PMA) test methods for the GMSL2 interface.
The collaboration's outcome will be showcased at the electronica 2024 trade fair in Munich, from November 12 to 15, where Keysight will demonstrate a new capability including a forward and reverse transmit eye mask.
As the automotive industry witnesses an increase in vehicle cameras and displays, the demand for high-speed serializer/deserializer (SerDes) technology, which is essential for in-vehicle data streams, has grown. GMSL technology is crucial for meeting the high data rate and bandwidth requirements of next-generation ADAS systems.
Keysight has expanded its software solutions to include GMSL2 transmit and channel tests, addressing the challenges posed by higher speeds. These tests facilitate rapid testing, debugging, and characterization of complex multi-gigabit GMSL designs, enabling the automotive ecosystem to efficiently validate and debug graphics devices.
Thomas Goetzel, Vice President and General Manager of Keysight’s Automotive & Energy Solutions, commented on the role of GMSL in their portfolio and their commitment to offering comprehensive compliance applications to support customers in the emerging ecosystem.
Balagopal Mayampurath, Vice President of ADI’s GMSL Technology Group, highlighted the significance of GMSL as a video connectivity standard in the automotive industry and the role of Keysight's compliance tests in enabling rapid development and delivery of GMSL-based solutions.
The partnership between Keysight and ADI builds on their history of collaboration across various technologies, including ORAN, Phased Array technology, and 6G, to define test methods, validate against real devices, and iterate the process for the ecosystem's benefit.
This initiative marks a significant advancement in the standardization and validation of GMSL2 test methodologies, contributing to the development of safer and more advanced automotive systems. The information is based on a press release statement.
In other recent news, Keysight Technologies reported a strong Q3 performance with revenues reaching $1.2 billion and earnings per share (EPS) of $1.57. The company also issued $600 million in aggregate principal amount of 4.950% notes due October 15, 2034, intending to use the net proceeds for general corporate purposes, including repaying its existing $600 million 4.550% Senior Notes due on October 30, 2024. Keysight has expressed intentions to pursue mergers and acquisitions, a move that analysts from Deutsche Bank (ETR:DBKGn), Baird, and Goldman Sachs (NYSE:GS) have shown confidence in.
Keysight Technologies and Siemens EDA recently announced a collaboration to streamline the design process for engineers working on wireless and defense systems. The integration of Keysight's Advanced Design System (ADS) with Siemens' Xpedition Enterprise suite aims to enhance productivity by enabling seamless data exchange between the two software ecosystems. This collaboration is seen as a significant step in optimizing system performance for applications such as 5G/6G communications, advanced radar systems, and electronic warfare.
Keysight also announced the launch of several innovative products. These include the 4881HV High Voltage Wafer Test System, designed to boost the productivity of power semiconductor manufacturers by facilitating parametric tests up to 3kV, and the N7718C Optical Reference Transmitter, a significant innovation for the testing of advanced optical receivers. The company also released the InfiniiVision HD3 Series oscilloscope, a device designed to detect and address signal issues across various applications. These recent developments demonstrate Keysight's commitment to technological innovation and strategic growth.
InvestingPro Insights
Keysight Technologies' collaboration with Analog Devices to advance testing solutions for automotive GMSL2 devices aligns with the company's strong market position and financial performance. According to InvestingPro data, Keysight boasts a market capitalization of $27.25 billion, reflecting its significant presence in the electronic measurement industry.
Despite the company's recent revenue decline, with a 10.6% decrease in the last twelve months as of Q3 2024, Keysight maintains a robust gross profit margin of 63.46%. This indicates the company's ability to maintain pricing power and efficiency in its operations, which could be crucial as it develops new testing solutions for the automotive industry.
InvestingPro Tips reveal that Keysight operates with a moderate level of debt and has liquid assets exceeding short-term obligations. This financial stability positions the company well to invest in R&D and pursue strategic partnerships like the one with Analog Devices.
Interestingly, while Keysight is trading near its 52-week high, analysts anticipate a sales decline in the current year. This contrast highlights the importance of the company's efforts to expand its product offerings and market reach through collaborations such as the GMSL2 testing initiative.
For investors seeking a deeper understanding of Keysight's prospects, InvestingPro offers 8 additional tips, providing a more comprehensive analysis of the company's financial health and market position.
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