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NXP Acquires TTTech Auto for $625 Million, Boosting Autonomous Vehicle Capabilities
Max Carter
January 07, 2025
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1 min read
NXP, a leading Dutch semiconductor company, has announced its plans to acquire TTTech Auto, an Austrian firm specializing in safety software for autonomous vehicles, in an all-cash transaction valued at $625 million. This strategic move is set to bolster NXP's position in the rapidly growing autonomous vehicle market.
