Acquisition Details - NXP Semiconductors has entered into a definitive agreement to acquire TTTech Auto in an all-cash transaction valued at $625 million [1] - TTTech Auto, based in Vienna, Austria, is a leader in innovating safety-critical systems and middleware for software-defined vehicles (SDVs) [2] - The acquisition includes TTTech Auto's management team, intellectual property, assets, and approximately 1,100 engineering staff, who will join NXP's automotive team [3] Industry Transformation - The automotive industry is shifting from conventional hardware-based designs to platform-based SDVs, with the SDV market expected to reach 45% penetration of global auto production by 2027, reflecting a 48% CAGR between 2024 and 2027 [4] - Global automakers require new SDV platforms and architectures to handle the increasing complexity of software integration, scalability, and faster time to market [5] Strategic Integration - NXP introduced its NXP CoreRide platform in March 2024 to address the SDV market opportunity, featuring S32 vehicle compute, networking, and system power management [6] - TTTech Auto's MotionWise middleware platform complements NXP CoreRide, enabling automakers to reduce complexity, maximize system performance, and shorten time to market [8][10] - The combination of NXP CoreRide and TTTech Auto's MotionWise will strengthen hardware/software integration, streamline SDV development, and enhance safety-critical functions [7][8] Leadership and Vision - The acquisition aligns with NXP's strategy to become the leading provider of intelligent edge systems in automotive and Industrial IoT [10] - TTTech Auto's CEO and CTO emphasized the shared vision with NXP for SDV transformation, highlighting the potential for seamless coordination of diverse systems and innovative features [11] Company Background - NXP Semiconductors is a global leader in automotive processing and networking, with operations in over 30 countries and revenue of $13.28 billion in 2023 [13]

NXP Semiconductors (NXPI) shares have lost 9% in the past three months, underperforming the broader Zacks Computer and Technology sector and the S&P 500’s return of 9.8% and 6.7%, respectively. NXP Semiconductors also lagged behind leading players in the semiconductor space, including Semtech (SMTC) , MACOM Technology Solutions (MTSI) and Analog Devices (ADI) over the same time frame.In the past three months, shares of SMTC and MTSI have returned 36.8% and 28.2%, respectively, while ADI has lost 8.4%.This u ...

NXP Semiconductors (NXPI) closed at $219.02 in the latest trading session, marking a +0.39% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.39%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 0.32%.Heading into today, shares of the chipmaker had lost 0.91% over the past month, lagging the Computer and Technology sector's gain of 7.63% and the S&P 500's gain of 3.6% in that time.Market participants will be closely following the financial resul ...

NXP expands its automotive networking & connectivity portfolio with the acquisition of Aviva Links, a pioneer of ASA-based asymmetrical links for ADAS and IVI applicationsASA-based asymmetrical multi-gigabit links help OEMs produce interoperable network architecture based on an open standardOEMs and Tier-1-suppliers benefit from NXP's complete networking and connectivity solution covering asymmetrical and symmetrical links EINDHOVEN, The Netherlands, Dec. 17, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. ...

NXP Semiconductors (NXPI) closed at $219.84 in the latest trading session, marking a +0.87% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.82%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq appreciated by 1.77%.Heading into today, shares of the chipmaker had lost 3.05% over the past month, lagging the Computer and Technology sector's gain of 1.43% and the S&P 500's gain of 0.8% in that time.The upcoming earnings release of NXP Semiconductor ...

A month has gone by since the last earnings report for NXP Semiconductors (NXPI) . Shares have added about 1.7% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is NXP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. NXPI Q3 Earnings Beat, Revenues MissNXP Semiconducto ...

SINGAPORE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- VisionPower Semiconductor Manufacturing Company Pte Ltd (VSMC), the joint venture formed in September, 2024 by Vanguard International Semiconductor Corporation (VIS, TPEx 5347) and NXP Semiconductors N.V. (NXP, NASDAQ: NXPI) today celebrated breaking ground at the site of the joint venture's new 300mm wafer manufacturing facility in Tampines, Singapore. The groundbreaking ceremony was attended by customers, suppliers, partners, association representatives, reside ...

证 券 研 究 报 告 会议纪要 电子 2024 年 11 月 07 日 | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

NXP Semiconductors (NXPI) reported third-quarter 2024 non-GAAP earnings of $3.45 per share, beating the Zacks Consensus Estimate by 0.58%. The figure declined 7% year over year.NXPI’s earnings beat the Zacks Consensus Estimate thrice and matched once, with the average surprise being 1.79%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.NXPI’s top line of $3.250 billion was in line with the midpoint of management’s guidance, down 5.4% year over year. The figure missed the Zacks Consens ...

NXP Semiconductors N.V. (NASDAQ:NXPI) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Jeff Palmer - SVP, IR Kurt Sievers - Executive Director, President, and CEO Bill Betz - EVP and CFO Conference Call Participants Ross Seymore - Deutsche Bank Christopher Caso - Wolfe Research Vivek Arya - Bank of America Christopher Muse - Cantor Fitzgerald Stacy Rasgon - Sanford C. Bernstein Francois-Xavier Bouvignies - UBS Joshua Buchalter - TD Cowen Toshiya Hari - Goldman Sachs William ...