NXP Semiconductors said on Tuesday that it agreed to buy TTTech Auto, which focuses on automotive software technology, for $625 million to significantly strengthen its automotive business, particularly the NXP automotive software and hardware ecosystem. According to NXP's statement, the acquisition is aimed at strengthening its product portfolio, as key customers such as global automakers are increasingly inclined to view the perfect integration of software and hardware ecosystems as a key factor in determining vehicle design and overall performance.

Zhitongcaijing · 5d ago
NXP Semiconductors said on Tuesday that it agreed to buy TTTech Auto, which focuses on automotive software technology, for $625 million to significantly strengthen its automotive business, particularly the NXP automotive software and hardware ecosystem. According to NXP's statement, the acquisition is aimed at strengthening its product portfolio, as key customers such as global automakers are increasingly inclined to view the perfect integration of software and hardware ecosystems as a key factor in determining vehicle design and overall performance.