NXP strengthens its automotive business with a leading software solution provider specialized in the systems, safety and security required for SDVs TTTech Auto complements and accelerates the NXP CoreRide platform, enabling automakers to reduce complexity, maximize system performance and shorten time to market The acquisition is the next milestone in NXP's strategy to be the leader in intelligent edge systems in automotive and Industrial IoT  EI…

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NXP Accelerates the Transformation to Software-Defined Vehicles (SDV) with Agreement to Acquire TTTech Auto - NXP Semiconductors (NASDAQ:NXPI)

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Dutch semiconductor giant NXP on Tuesday said it plans to acquire TTTech Auto, an Austrian company specializing in safety software for autonomous vehicles, in an all-cash transaction valued at $625 million. TTTech Auto spun out of TTTech Group in 2018, with some $78 million in backing from the likes of AUDI, Samsung and GE Ventures. The company raised a further $285 million in 2022, with Aptiv leading its Series C round. TTTech Auto works with t…

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Verizon Communications

NXP to buy automotive safety software firm TTTech Auto for $625M

Dutch chip company NXP Semiconductors is acquiring Austrian company TTTECH Auto in a deal worth 625 million dollars. TTTECH is active in software solutions for cars in the field of safety, among other things. NXP itself is a major supplier of chips to the automotive industry.

Het Nederlandse chipconcern NXP Semiconductors neemt het Oostenrijkse bedrijf TTTECH Auto over in een deal ter waarde van 625 miljoen dollar. TTTECH is actief met softwareoplossingen voor auto’s op het gebied van onder meer veiligheid. NXP is zelf een belangrijke leverancier van chips aan de auto-industrie.

Chipconcern NXP neemt softwarebedrijf TTTECH Auto over

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Apeldoorn

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Chip company NXP takes over software company TTTECH Auto

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Techmeme

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Dutch chipmaker NXP agrees to buy TTTech Auto, a Vienna-based automotive safety software provider, for $625M in cash, aiming to boost its automotive operations

Chip manufacturer NXP acquires TTTech Auto, a specialist in automotive software. NXP is thus focusing on the "Software Defined Vehicle".

Chiphersteller NXP erwirbt TTTech Auto, einen Spezialisten für Kfz-Software. NXP setzt damit auf das "Software Defined Vehicle".

NXP übernimmt TTTech Auto, eine österreichische Firma für Kfz-Middleware

Heise

Germany

NXP acquires TTTech Auto, an Austrian automotive middleware company

Dutch computer chip maker NXP said on Tuesday it has agreed to buy Austria's TTTech Auto for $625 million, to strengthen its automotive operations.

BizToc

Chipmaker NXP to buy Austria's TTTech Auto for $625 mln

NXP Semiconductors N.V. said today it has entered into an agreement to buy an Austrian startup called TTTech Auto AG, which builds software systems to ensure the safety of autonomous vehicles, for $625 million in cash. TTTech Auto was spun out of TTTech Group in 2018 when it raised $78 million in funding from backers […] The post NXP snaps up TTTech Auto for $625M to accelerate autonomous vehicle safety appeared first on SiliconANGLE.

SiliconANGLE

NXP snaps up TTTech Auto for $625M to accelerate autonomous vehicle safety - SiliconANGLE

NXP strengthens its automotive business with a leading software solution provider specialized in the systems, safety and security required for SDVs TTTech Auto complements and accelerates the NXP CoreRide platform, enabling automakers to reduce complexity, maximize system performance and shorten time to market The acquisition is the next milestone in NXP’s strategy to be the leader in intelligent edge systems in automotive and Industrial IoT  EI…

Edge AI and Vision Alliance

NXP Accelerates the Transformation to Software-defined Vehicles (SDV) with Agreement to Acquire TTTech Auto

NXP Semiconductors N.V., a global leader in automotive processing and networking, has entered into a definitive agreement to acquire TTTech Auto in an all-cash transaction valued at $625 million. TTTech Auto, based in Vienna, Austria, is a leader in innovating safety-critical systems and middleware for software-defined vehicles (SDVs). TTTech Auto has established business relationships with many leading automotive OEMs, empowering them to focus …

Electronic Products & Technology

NXP to acquire TTTech Auto - Electronic Products & Technology

The Viennese technology company TTTech is selling its 35.8 percent stake in TTTech Auto to the Dutch semiconductor manufacturer NXP. The transaction value is estimated at 625 million dollars (599.46 million euros). NXP is taking over 100 percent of the shares of TTTech Auto - Audi, Samsung, automotive supplier Aptiv and Infineon are also withdrawing from TTTech Auto, as TTTech announced on Tuesday.

Das Wiener Technologieunternehmen TTTech verkauft seine 35,8-Prozent-Beteiligung an TTTech Auto an den holländischen Halbleiter-Hersteller NXP. Der Transaktionswert wird mit 625 Mio. Dollar (599,46 Mio. Euro) beziffert. NXP übernimmt 100 Prozent der Aktien von TTTech Auto - auch Audi, Samsung, der Autozulieferer Aptiv und Infineon steigen aus TTTech Auto aus, wie TTTech am Dienstag mitteilte.

NXP Accelerates the Transformation to Software-Defined Vehicles (SDV) with Agreement to Acquire TTTech Auto - NXP Semiconductors (NASDAQ:NXPI)

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