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Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Magna International

Magna International – Manufacturing Vehicle Parts For Renowned Automakers.

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Magna International is the largest manufacturer of original equipment vehicle parts in North America. It creates automobile systems, components, modules, and assemblies that are sold to a variety of automakers, including General Motors, Ford Motor Company, FCA, Mercedes, BMW, Volkswagen, Tesla, Toyota, and Tata Motors.

About The Company

Magna International is a Candian company that produces automobile parts. In 2020 it was listed on the Forbes Global 2000 and is one of Canada’s biggest corporations. The company has appeared continuously in the Fortune Global 500 rankings for 20 years in a row since 2001. The company’s head office is in Ontario, Canada. Magna is controlled by a corporate charter that provides for the transfer of profits to the company’s shareholders and employees. Frank Stronach, the company’s founder, described the provisions of this agreement as a “fair enterprise system.”

History

Frank Stronach established Multimatic Investments Ltd. in a Toronto tool and die rental garage in 1957. In 1959, it signed its first deal with General Motors for metal solar interior brackets The company had eight plants operational by the late 1960s. Stronach merged aerospace, defense, and industrial components manufacturer Magna Electronics Corporation with Multimatic Investments to bring the company public in 1969. The combined company was renamed Magna International in 1973. Magna International divested its defense and aerospace operations in 1981 so it could concentrate on the automobile sector. The 1990s saw it spreading into Asia and decentralizing large systems into separate, publicly traded companies. In 2005, Magna started designing automobile rear-view cameras for Hummers on its assembly line in Michigan even though they were not yet mandated by the government. It was among the first companies to create rear view cameras for automotive manufacturers, and by 2007, it had a deal for 350,000 units. In August 2015, the company sold Grupo Antolin its interiors division, which included instrument and door panels, overhead systems, and freight management components. In 2018, the company collaborated with Lyft to provide high-tech kits that convert automobiles into self-driving cars.

Magna International

Acquisitions

Magna International declared in 2002 that it had signed a deal with DaimlerChrysler to buy the Austrian company’s Eurostar Automobilwerk division. In September 2004, Magna acquired eighty percent of New Venture Gear and consolidated it with Magna Powertrain. In 2007, it acquired complete ownership, and the business was shut down in August 2012. In November 2005, Magna acquired CTS Fahrzeug-Dachsysteme, a manufacturer of foldable roofs, from Porsche. Magna paid $1.9 billion in July 2015 to acquire Getrag, a German business that was among the biggest providers of automobile transmissions globally. The acquisition increased the Chinese market’s potential for growth. In 2018, the business purchased the German motion-based software developer Haptronik GmbH, the Italian automotive lighting maker OLSA S.p.A., and the Spanish automotive seating firm Viza Geca SL. It collaborated with Innoviz Technologies to make solid-state lidar for BMW Group’s autonomous vehicles. In January 2022, Boston-based firm Optimus Ride was acquired by Magna.

Technology

In the course of its history, Magna International has collaborated with automakers to advance vehicle safety and technology, developing advanced driver assistance systems (ADAS), lane departure warning systems, blind-spot detection, as well as smart mobility seating systems like minivan seats that stow into the floor. The organization is the third-biggest auto parts supplier globally and the largest in North America. It creates tailored computing for fully automatic driving systems using mobility technologies. In 2018, it unveiled autonomous emergency braking technologies and an Icon radar system to assist automakers in achieving Level 5 autonomy.

Founder – Frank Stronach

One of the biggest providers of automobile systems and components worldwide, Magna International Inc., was founded by Frank Stronach. With its headquarters in Ontario, Magna employs over 158000 employees across 342 manufacturing facilities in 27 different nations.

CEO – Seetarama Kotagiri

Swamy Kotagiri is the sole representative of management on the board and the CEO of Magna. He provides vast experience and knowledge of the automotive business and has worked in the field for more than 30 years, including 21 years with Magna.

Johnson Controls

Johnson Controls – Electronic And Automotive Parts Company With Operations In Over 150 Countries.

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Johnson Controls is a multinational HVAC, electronic, and automotive parts company with operations in over 150 countries and annual revenue of over $30 billion. Additionally, it offers technical support, energy management advice, and portfolio management services for properties in the non-residential building sector.

About The Company

Johnson Controls is an American multinational corporation with headquarters in Cork, Ireland. The company manufactures security, HVAC, and fire systems for buildings. In 2017, it was ranked 389th in the Fortune Global 500, but now it is no longer eligible for inclusion in the Fortune 500 due to its non-American headquarters.

Johnson Controls
Image source: forbes.com

History

The first electric room thermostat was patented in 1883 by Warren S. Johnson. His creation catalyzed a new business and helped establish the building control sector. To produce, install, and maintain automatic temperature regulating systems for buildings, Johnson founded the Johnson Electric Service Company in 1885 with a group of Milwaukee businessmen led by William Plankinton. The company decided to concentrate on its thermal management business for non-residential buildings after Johnson’s passing in 1911. The corporation acquired the clockmaker Standard Electric Time Company in 1970. In 1974, the company adopted the name Johnson Controls. Johnson Controls purchased the battery manufacturer Globe-Union in 1978. The Standard Electric Time Company was sold to Faraday in the same year. Hoover Universal and Ferro Manufacturing, manufacturers of car seating, were purchased by Johnson Controls in 1985. Keith Wandell, the company’s president, pressed Congress for a bailout of the businesses that Johnson supplied during the recession of 2008–2009. In late March 2010, the Johnson Controls facility in Lakeshore, Ontario, shut down, and the land was thereafter sold.

In 2016, the Johnson Controls Automotive Experience unit of the company was separated into its own publicly traded company, Adient, and started trading on the NYE. It was announced in 2017 that 3M would acquire Scott Safety, the company’s safety equipment division, for $2 billion. In 2021, Johnson Controls announced that Ava Robotics would power its new “Tyco Security Robot.” This completely autonomous security robot combines access control, video surveillance, and security robots by integrating sensors, a touchscreen, and two Tyco Illustra cameras.

Business Units

Building Efficiency and Global WorkPlace Solutions are the two business segments that make up the company’s operations. For both commercial and residential structures, the Building Technologies and Solutions product line develops, manufactures, installs, and provides maintenance for HVAC, industrial refrigeration, building management, fire and security, and mechanical systems. This business unit produces products under the TempMaster, York, Metasys, Frick, Panoptix, and Sabroe brands. The business unit Global WorkPlace Solutions offers outsourced services for facility management all around the world. On behalf of its clients, it also oversees corporate real estate management, which includes purchasing and selling property, maintaining leases, and overseeing building-related initiatives like replacing equipment. In 2015, this unit was acquired by CBRE.

Controversy

In 2016, Johnson Controls and Tyco International announced that they would merge to form Johnson Controls International, an organization with its headquarters in Cork, Ireland. . By integrating with the Irish business, Johnson Controls was able to undergo a tax inversion, which allowed it to transform into an Irish corporation with significantly reduced corporate taxes. The workforce suffered greatly as a result of this restructuring. Hillary Clinton criticized the corporation for trying to use the acquisition to avoid paying taxes in the United States after it had “begged” the administration for financial assistance in 2008. Because Tyco stockholders now held 44% of the business, the Johnson deal, which Fortune magazine called “outrageous,” qualified as a “super inversion” and escapes the penalties the US Department of the Treasury has levied on past inversion deals. The company calculated that by avoiding American taxes, it would save around $150 million a year.

Founder – Warren S. Johnson

Warren S. Johnson. Johnson founded the Johnson Electric Service Company, which later evolved into Johnson Controls, to produce and market his thermostat technology. He was a university lecturer who had difficulty controlling the temperatures in every classroom. The issue was resolved by his multi-zone pneumatic management system. Offices, schools, hospitals, hotels, and practically any large facility with numerous rooms that needed temperature regulation adopted Johnson’s approach for temperature control on a global scale.

CEO – George Oliver

Johnson Controls chairman and CEO is George R. Oliver. Before taking over as CEO, he was the company’s president and COO, in charge of its running operations and in charge of overseeing the merger of Tyco and Johnson Controls.

Carrier Global

Carrier Global – Producing And Distributing HVAC systems.

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Carrier Global Corporation is a top global producer of healthy, safe, intelligent, and sustainable building and cold storage solutions. The company sells products under Carrier, Tempstar, Riello, Automated Logic, Carlyle, Bryant, BrokerBay, Marioff, GST, Autronica, Edwards, Carrier Transicold, Carrier Commercial Refrigeration, Carlyle, and other brand names.

About The Company

Carrier Global Corporation provides cutting-edge technology for heating, refrigeration, ventilation, fire, security, air conditioning, and building automation. Its three business divisions are refrigeration, fire & security, and heating, ventilation & air conditioning (HVAC). The company is headquartered in Florida, USA. Carrier was established in 1915 as a stand-alone business producing and distributing HVAC systems. Since then, the company has grown to include industrial refrigeration and food service systems as well as fire and security technologies. It had a market value of $18.6 billion in 2020 and employed more than 53,000 people to serve clients in 160 nations across six continents. United Technologies bought Carrier in 1979, but 41 years later, in 2020, Carrier was spun off as a separate company

Carrier Global
Image source: amazonaws.com

History

Willis Haviland Carrier created the first contemporary air conditioning system on July 17, 1902. As a division of the Buffalo Forge Company, the Carrier Air Conditioner Company of America was established in 1908, with Willis Carrier serving as vice president. The Buffalo Forge Company, where Carrier had worked for 12 years, chose to focus only on manufacturing once World War I broke out in late 1914. As a result, Carrier and six other engineers combined their $32,600 to found the Carrier Engineering Corporation in 1915. In 1920, they bought their first facility in New Jersey. In the 1950s, the company that bears his name began marketing its air conditioners to the housing markets, which resulted in the development of huge suburbs in previously sparsely populated regions like the American Southwest. Air conditioning transformed American living by boosting industrial output during the summer. The widespread move to the Sunbelt was sparked by the 1920s development of domestic air conditioning. Carrier amalgamated with Affiliated Gas Equipment, Inc. in 1955. In 1979, United Technologies Corporation (UTC) acquired Carrier Corporation. Carrier Corporation was called the Carrier Air Conditioning Company before it was acquired by UTC. United Technologies declared on November 26, 2018, that it would separate UTC Climate, Controls & Security into Carrier Global Corporation, a standalone business.

Controversy

The sports stadium at Syracuse University was given the name Carrier Dome in 1980 when Mel Holm, the company’s then-CEO, donated $2.75 million to the project’s development. Despite being named after a company that makes air conditioners, the Carrier Dome didn’t have air conditioning for the first 40 years of its existence; that was only added during repairs that were finished in 2022. Despite having finally installed air conditioning, Syracuse University ended the permanent naming rights agreement for the dome with Carrier Global. JMA Wireless, a nearby wireless company, was instead given the stadium’s naming rights.

Founder – Willis Carrier

Engineer Willis Haviland Carrier is most known for developing the modern air conditioner. In 1902, Carrier created the first electric air conditioner. In 1915, Willis Carrier established Carrier Engineering Corporation. Currently, Carrier Corporation is the global leader in the production of HVAC systems and equipment for homes and businesses. As the business he created continues to develop and produce energy-efficient HVAC systems, Willis Carrier’s legacy endures.

CEO – David Gitlin

David Gitlin is the CEO and Chairman of Carrier Global. He served as the president and CEO of Collins Aerospace, before joining Carrier. Dave has a master’s degree in business administration from MIT’s Sloan School of Management and a bachelor’s degree from Cornell University.

Fairchild Semiconductor

Fairchild Semiconductor – Semiconductor Industry Pioneer.

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Fairchild Semiconductor is currently a part of ON Semiconductor and has a long history of being a semiconductor industry pioneer. The company specialises in researching and manufacturing a full range of low to high-power technologies for the cellular, industrial, automotive, cloud, lighting, and computer industries.

About The Company

American semiconductor manufacturer Fairchild Semiconductor has its headquarters in California. It was a pioneer in producing transistors and integrated circuits after being established in 1957 as a Fairchild Camera and Instrument unit. Schlumberger acquired the business in 1979 and subsequently sold it to National Semiconductor. Fairchild was once more spun off as a separate company in 1997. In 2016, the company was purchased by ON Semiconductor.

Fairchild Semiconductor
Image source: techcrunch.com

History

Fairchild Semiconductor International was established in 1957 as one of the first companies to develop integrated circuits and transistors effectively. Its research and production centres were spread across the United States and Asia. When eight engineers from the California-based Shockley Semiconductor Laboratory collectively left in 1957 over founder and transistor inventor William Shockley’s management style, Fairchild Camera and Instrument Corporation considered going into the semiconductor market. The group, known by Shockley as the “traitorous eight,” introduced themselves to Fairchild under the leadership of Gordon Moore and Robert Noyce. As a stake in the project, each of these eight engineers agreed to invest $500 of his own money. Each of the eight received $250,000 when they subsequently sold their holdings to Fairchild. The company’s first product was silicon-based transistors for military and industrial applications. Jean Hoerni, an engineer, realised that the product contamination could be lessened by putting a silicon-oxide coating. Noyce advanced Hoerni’s progress. Noyce developed the process for creating an integrated circuit. Although Fairchild submitted a patent application for this planar technique in 1959, the firms fought in the courts until a split ruling was reached ten years later. During this time, Fairchild cross-licensed the integrated circuit patents with the co-inventor Texas Instruments.

In contrast to Texas Instruments, Robert Noyce did not employ military money to create the business’s original manufacturing processes. At the cost of $120 per chip, Fairchild introduced the integrated circuit (IC) to the market in 1961. But at that time, any electronics company could build identical circuits for much less money by wiring high-end transistors together. For a customer to purchase ICs, there had to be a severe space restriction. Interestingly for Fairchild, the IC provided a solution to a similar issue that the American space programme faced. Around one million silicon chips had been acquired by the Apollo programme alone by 1969, with a sizable portion coming from Fairchild.

Acquisition

When Noyce and Moore left Fairchild Semiconductor in 1968 to establish Intel Corporation, dozens of new electronics businesses, such as Advanced Micro Devices, National Semiconductor Corporation, and LSI Logic Corporation, had already been established in the area, which is now referred to as Silicon Valley. Fairchild-related businesses were commonly called Fairchildren. By the late 1970s, Fairchild had lost its ability to rival the Fairchildren. The company and its former name were acquired by Schlumberger Limited in 1979, a French business best recognised for providing services and equipment to the oil industry. After less than ten years, Schlumberger tried to sell the company to the Japanese company Fujitsu Limited. After the USA government blocked the transaction, National Semiconductor bought Fairchild in 1987 but failed to make a profit from it either. Fairchild was separated from National in 1996 and established as a separate company with its headquarters in South Portland, Maine, where it had been running the semiconductor fabrication facility with the longest continuous operation in the world. Additionally, Fairchild produced integrated circuits(IC) for consumer technology in South Korea, Utah, and California, with facilities for assembly and testing in Malaysia and the Philippines. ON Semiconductor purchased Fairchild in 2016.

Founder – Sherman Fairchild, Arthur Rock

Sherman Fairchild, the founder of the Fairchild Camera and Instrument Corporation, was approached by Arthur Rock. He convinced Fairchild to recruit the team, known as “The Traitorous Eight”, and allow them to establish Fairchild Semiconductor. The group received a $1.5 million start-up loan from Fairchild.

CEO – Mark Thompson

Mark Thompson has served as the CEO and President of Fairchild since 2005 after joining the company in 2004 as EVP of its technology and manufacturing division. Previously served as the CEO of Big Bear Networks, vice president and general manager of Tyco Electronics’ power components division, and Raychem Electronics OEM vice president.

Freescale Semiconductor

Freescale Semiconductor – Company Established From Motorola Semiconductor Products Sector.

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Freescale Semiconductor offers embedded processing solutions by combining embedded CPUs, complementing semiconductor devices, and software. Its operations are structured around five main product categories: RF, Automotive MCUs, Analog and Sensors, Digital Networking, and Microcontrollers.

About The Company

Freescale Semiconductor was an American company in the business of semiconductor manufacturing. It was established as a result of Motorola‘s 2004 sale of its Semiconductor Products Sector. Freescale concentrated on their integrated circuit devices’ automotive, embedded, and communications areas. In 2006, a private investment group purchased it, and in 2015, it merged with NXP Semiconductors. Automobile security, hybrid and all-electric cars, next-generation wireless infra, smart electricity planning, portable medical equipment, consumer appliances, and smart mobile devices are some of the company’s primary applications and end-markets. The headquarters of Freescale Semiconductor is in Austin, Texas, and it was established on November 9th, 2006.

Freescale Semiconductor
Image source: wikimedia.org

History

Out of the US$27 billion in sales for the entire Motorola company as of 2003, the Motorola Semiconductor Products Sector generated semiconductor sales of US$5.0 billion. On October 6, 2003, Motorola made the announcement that their semiconductor section would be sold off to form Freescale. In 2004, Freescale concluded its IPO at the cost of US$13. It predicted that the shares would cost between US$17.50 and US$19.50, but once the market became less favourable to tech firms, it reduced its pricing to US$13. In 2006, Freescale consented to be acquired by a group led by the Blackstone Group for $17.6 billion. In November 2006, a special shareholder meeting approved the purchase offer. One of the top ten buyouts in history, the transaction concluded in December 2006, is said to be the biggest private acquisition of a technology business. In 2011, the company’s IPO was successfully concluded. The ticker symbol for Freescale on the NYE was FSL. The firm was under investigation for improper activity in connection with this IPO, and at the point of the IPO, it had $7.6 billion in existing debt on its books.

Marvell Semiconductor filed a lawsuit against Freescale for violating seven patents. In 2015, a settlement was reached. Freescale was ordered to pay an unspecified amount as part of a settlement after losing a claim for patent infringement brought by Tessera Corporation.

Products

The primary business division of Freescale, MSG (Micro-controller Solutions Group), is currently the top provider of semiconductors to the automotive industry. It is the main provider of engine system microcontrollers globally. Electronics are used in modern cars to operate the engine for maximum performance and to cut pollution. Freescale’s microcontrollers and analogue power management circuits are used in automobile airbags and anti-lock brake systems. Other integrated sensor products made by Freescale include accelerometer sensors and pressure sensors. Freescale’s NMG (Networking and Multimedia Group) and RASG are two additional significant semiconductor businesses in addition to the MSG business group (RF, Analog and Sensors Group). Until Apple Computer switched to Intel processors in 2006, Freescale had also been a PowerPC microprocessors (ICs) supplier for its PowerBook and Mac mini products. In order to create and advance the use of Power Architecture, they became a founding member of Power.org in 2006. Additionally, Freescale offers a line of Digital Signal Processors (DSP) based on StarCore Technology. Systems for voice-over IP, video infrastructure, and broadband wireless all require DSPs from Freescale.

CEO – Greg Lowe

The CEO of Freescale Semiconductor is Greg Lowe. Lowe formerly worked at Texas Instruments as executive vice president and supervisor of the Analog division before joining Freescale. Lowe received his degree from Stanford University’s Executive Program. In 1984, Mr. Lowe graduated with a B.S. in Electrical Engineering from Terre Haute, Indiana’s Rose-Hulman Institute of Technology.

hisense

Hisense – Producing Electronics Worldwide Over The Past 50 Years.

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Hisense has dedicated itself to creating groundbreaking consumer electronics over the past 50 years. The corporation is currently one of the top producers of electronics worldwide. It has established 54 abroad businesses and offices, uses five top-tier international production sites in Europe, Central America, and South Africa, and has 18 R&D centres internationally. The company has a customer base in over 160 countries.

About The Company

Hisense Group is a global Chinese manufacturer of electronics and major appliances with its headquarters in Shandong Province, China. Hisense’s primary line of business is televisions, and since 2004, it has held the most significant market share among Chinese TV manufacturers. They sell items under the brands Hisense, Gorenje, Toshiba, Sharp, Kelon, and Ronshen. As an OEM, Hisense sells some of its goods to other businesses under brand names unrelated to Hisense. Hisense H.A and Hisense Visual Technology., two significant subsidiaries of the Hisense Group, are publicly listed corporations. By 2020, the state-owned more than 30% of each enterprise through the Hisense holding company. The Hisense Group includes 14 industrial parks with more than 80,000 employees, some of which are situated in Shunde, Huzhou, the Czech Republic, Mexico, and South Africa. Additionally, there are 18 R&D facilities spread across locations like Qingdao, Shenzhen, the US, Germany, Slovenia, Israel, etc.

Hisense
Image source: www.homeappliancesworld.com

History

Hisense Group’s forerunner, Qingdao No.2 Radio Factory, was founded in 1969. The modest factory’s initial offering was a radio marketed under the Red Lantern brand, but thanks to a trial run of black-and-white televisions that the Shandong National Defense Office bought, the business later acquired the know-how to produce TVs. This entailed the specialized training of three workers at a different Chinese factory, Tianjin 712, and led to the creation of transistor TVs by 1975 and the manufacturing of 82 televisions by 1971. In 1978, the CJD18, their debut TV model, was launched. Until 1979, there was little television production in China, but a Beijing session of the Ministry of Electronics urged the growth of the civil-use electronics sector. The Qingdao No.2 Radio Factory then swiftly combined with other regional electronics producers and started producing televisions in Shandong province under the banner Qingdao General Television Factory. In April 1997, the Shanghai Stock Exchange officially listed the Hisense Electrical Appliance Share Holding Company (now known as Hisense Electrical Co Ltd). Hisense benefited from increased rivalry and fierce prices in the Chinese electronics sector in the 1990s by acquiring ten bankrupt businesses by 1998. Hisense Group sought to emerge as a frontrunner in home appliances, computers, and communications in addition to consumer electronics. This policy led to significant financial investments in R&D, the construction of industrial zones, etc. It created a specific kind of translucent 3D television in 2013. In 2015, Sharp sold a Mexican factory to Hisense for $23.7 million, along with the right to use the Sharp name on television sets sold in South and North America. It acquired 95.4% of the shares in Slovenian appliance producer Gorenje in 2018, becoming the company’s largest stakeholder. It unveiled the world’s first 8K 10 bit HDR screen TV in 2020. Its image quality engine boasts 6.5T supercomputing power and is built on an AI-powered HDR algorithm. It declared the introduction of its first 4K Fire TV in May 2022.

Products And Services

Hisense develops white goods, television sets, digital TV broadcasting devices, laptops, set-top boxes, cell phones, wireless components, wireless PC cards, and optical components. In addition, it offers a wide range of services, such as property administration, IT support, product design, mould design, pattern making, and mould processing and production. Furthermore, It is among the few manufacturers of smartphones with an e-ink display.

Founder – Zhou Houjian

After graduating, Zhou Houjian was hired as a technician at the Qingdao Television Factory. He advanced through the ranks, becoming a supervisor, an assistant factory director, and, at age 35, the factory director. Based on his experience at the Qingdao Television factory, Zhou founded Hisense Group in 1994. Today, Hisense Group is one of China’s foremost manufacturers of home appliances, with distribution operations in more than 100 nations.