NXP reportedly in talks to acquire vehicle chip supplier Ambarella

SiliconANGLE · 2 months ago · 18

NXP Semiconductors is in talks to acquire Ambarella, a vehicle chip supplier that makes processors for autonomous driving systems and advanced driver assistance features. Ambarella had a market capitalization of $3.25 billion before acquisition rumors drove its shares up 16%, with the final deal likely to value the company higher. The acquisition would strengthen NXP's position in the autonomous vehicle market as companies like Waymo and Amazon's Zoox expand their self-driving taxi operations.