NXP in talks to acquire chip designer Ambarella: FT

AMBA Ambarella Inc

$65.33 -3.84%

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1. 1The Financial Times reported on Friday that NXP Semiconductors (NXPI) is in discussions to acquire chip designer Ambarella (AMBA).
2. 2Ambarella, which has a market cap of $3.25 billion, saw its shares surge roughly 17%, while NXP dropped more than 3%.
3. 3If completed, the deal could strengthen NXP's software-defined vehicle, radar, and electrification capabilities, but the talks are ongoing and may not result in a transaction, the FT reported.

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