NXP Semiconductors acquires TTTech Auto for $625M to boost its automotive software expertise.

NXP Semiconductors, a Dutch chipmaker, will buy TTTech Auto, an Austrian company, for $625 million. This move aims to enhance NXP's automotive capabilities by adding TTTech's expertise in safety software that helps manage critical vehicle functions. The acquisition is expected to strengthen NXP's position in the automotive industry, where software is becoming increasingly important.

2 months ago
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