Dutch chipmaker NXP buys TTTech Auto for $625m

Dutch semiconductor company NXP plans to acquire TTTech Auto, an Austrian firm specializing in safety software for autonomous vehicles, for US$625 million.

The all-cash deal, announced on Tuesday, is pending regulatory approval.

TTTech Auto, founded in 2018 as a spin-off of TTTech Group, provides safety-critical software solutions for the automotive sector.

Its main product, MotionWise, supports advanced driver-assistance systems (ADAS) and automated driving systems (ADS).

Following the acquisition, TTTech Auto’s management and engineering teams will join NXP and operate under its brand.

Recent NXP developments

Timeline
07-Jan-2025 🇮🇳 Dutch semiconductor company NXP sees growth potential in India NXP sees India contributing up to 10% revenue Company invests over $1 billion in India’s chip industry
08-Dec-2024 🚗 Chip firm NXP sees auto, IoT growth NXP expects 9% to 14% growth in IoT sectors Complies with US semiconductor export restrictions

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Recent NXP developments

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