STMicroelectronics reports strong Q4 2016 financial results, analysts speculate it will supply iPhone 8

Semiconductor firm STMicroelectronics reported strong financial results for 2016, driven by solid phone and car part sales and improved factory use, according to a report by Reuters. In addition, the company is planning to significantly increase capital spending on new plant capacity of up to $1.1 billion in an effort to drive revenue later in 2017. This investment is nearly double the $607 million the company spent last year and the $467 million in 2014. CFO Carlo Ferro said the

STMicroelectronics, Valencell launch biometric sensor platform for wearables, IoT

Valencell and semiconductor firm STMicroelectronics have launched a highly accurate and scalable development kit for biometric wearables. The kit includes ST’s compact SensorTileturnkey multi-sensor module integrated with Valencell’s Benchmark biometric sensor system, which deliver a set of sensors to support the most advanced wearable use cases. “Valencell’s Benchmark solution leverages the high accuracy of ST’s MEMS sensor technology along with SensorTile’s miniature form factor, flexibility, and STM32 open development environment-based ecosystem,” said Tony Keirouz, vice president of marketing and applications

Biometric data protection, fingerprint technology and payment solutions trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Fingerprint technology Gemalto, Fingerprint Cards, Precise Biometrics and STMicroelectronics have collaborated on an end-to-end security architecture for biometric fingerprint authentication in wearable and consumer electronics devices. The companies say that the solution will offer new opportunities to the consumer electronics market to implement secure authentication solutions based on FIDO Alliance’s specification. PayPal recently rolled out an update of its app to now

End-to-end security architecture for biometric fingerprint authentication introduced at MWC

Gemalto, Fingerprint Cards, Precise Biometrics and STMicroelectronics have collaborated on an end-to-end security architecture for biometric fingerprint authentication in wearable and consumer electronics devices. This proof-of-concept, introduced at Mobile World Congrees, replaces conventional username/password authentication for applications such as payment, eticketing, digital access and 2-factor strong authentication with swift and secure fingerprint recognition. The companies will demonstrate the solution on a smartwatch that embeds a fingerprint sensor from Fingerprint Cards, fingerprint software based on Precise BioMatch Embedded from Precise Biometrics