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NXP Semiconductors to Acquire TTTech Auto in $625 Million Deal, Shares Climb

By Yahoo! Finance   |   1 week ago
NXP Semiconductors to Acquire TTTech Auto in $625 Million Deal, Shares Climb

NXP Semiconductors acquired TTTech Auto for $625 million, aiming to enhance its automotive portfolio with safety-critical systems for software-defined vehicles. The deal signifies NXP's strategic shift towards intelligent edge systems in IoT and industrial sectors, reflecting the evolving trend towards platform-based SDVs.

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