NXP Semiconductors acquires TTTech Auto for $625 million
The acquisition enhances NXP's automotive capabilities, focusing on safety-critical systems for SDVs, integrating TTTech Auto’s expertise
In a press release on Jan. 7, NXP Semiconductors has announced its acquisition of TTTech Auto, a Vienna-based firm known for its safety-critical systems and middleware for software-defined vehicles (SDVs), in a $625 million all-cash transaction.
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