Evaluation Engineering - 6

Rainville named president
and CEO of Averna
Montreal, Canada-based
Averna is under new leadership, announcing role changes for two of its top executives
on June 3.
The global test and quality solutions provider shared
that effective June 1, François
Rainville became president
and CEO of the company,
while former CEO and president André Gareau has moved
to a new position as executive
chairman of the board.

Infineon buying Cypress
in $10B deal

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Rainville

Rainville joined Averna in
September 2012 as vice president of sales and marketing,
and was promoted to chief
operations officer in March
of 2017-a title he held until June 1. Gareau had been
president and CEO of Averna
since February 2013 after being promoted from executive
vice president and chief operating officer. Averna said that
under Rainville and Gareau's
combined leadership, the
company has grown 300%,
building from three to now 10
locations worldwide, including offices throughout North
America, Europe, and Asia.
"Averna's performance has
always been a team effort."
Gareau said, "Our DNA is

Gareau

EVALUATION ENGINEERING JULY 2019

Nokia making bid for king of 5G mountain
Nokia is gaining significant market share in 5G, having signed 42
commercial 5G deals around the world since March, according
to a June 4 report by CNN. At the same time, Shenzhen-based
Huawei's fortunes are sagging, as the telecommunications equipment giant is under fire, following a U.S.-instigated campaign
against it. Claiming national security concerns, the U.S. is influencing allies to jettison Huawei equipment from their 5G
networks. CNN reports that Nokia has made 12 new deals in
the last two months compared to two for Huawei.
Washington D.C. has told U.S. companies not to sell key parts
and components to Huawei. Wireless companies in Japan and the
United Kingdom have been forced to delay the launch of Huawei
smartphones. Recent deals shunning Huawei have revealed that
Nokia may be in position to become No. 1 in the 5G arena.

composed of the passion from
each individual in our offices.
Our people are our most important asset, so it's 'Human
Engineering' that is key as we
continue to evolve and grow.
Francois represents all of this
with the ability to recognize
talent and set a trusted and
positive work environment.
The years to come will generate exciting times for Averna."

Moving forward, Gareau will
focus on Averna's mergers &
acquisitions development
strategy with Rainville and
the leadership team.
As the new CEO and president of Averna, Rainville will
continue to lead the development, strategy, and operations
of the company, and Averna
said he will remain a catalyst
of growth and performance.

The global semiconductor
manufacturing market has
seen tremendous consolidation over the past decade,
and another megadeal was
announced on June 3.
Munich, Germany-based
Infineon and San Jose, CAbased Cypress Semiconductor
Corporation (Cypress) said
they have signed an agreement for Infineon to acquire
Cypress for $23.85 per share,
corresponding to an enterprise deal value of $10.11
billion.
"The planned acquisition of
Cypress is a landmark step in
Infineon's strategic development," Infineon CEO Reinhard
Ploss said. "We will strengthen
and accelerate our profitable
growth and put our business
on a broader basis. With this
transaction, we will be able to
offer our customers the most
comprehensive portfolio for
linking the real with the digital world. This will open up
additional growth potential
in the automotive, industrial
and Internet of Things sectors.
This transaction also makes
our business model even more
resilient."
Cypress is a global supplier
of advanced embedded solutions for the markets of automotive, industrial, smart
home appliances, consumer
electronics, and medical products. The company's microcontrollers, wireless and USBbased connectivity solutions,

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Evaluation Engineering

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