tech
NXP in talks to buy $3bn-plus designer of camera chips for self-driving cars
Deal would land amid consolidation wave sweeping semiconductors as they position for AI revolution
TL;DR
- NXP is in talks to acquire a designer of camera chips for self-driving cars.
- The potential deal is valued at over $3 billion.
- This acquisition would occur during a wave of consolidation in the semiconductor sector.
- The semiconductor industry is consolidating as companies prepare for the AI revolution.