STMicroelectronics has announced the planned acquisition of NXP Semiconductors’ MEMS sensors business, which is focused on automotive safety products as well as sensors for industrial applications.

STMicroeletronics (STM) has entered into an agreement to buy NXP Semiconductor's (NXPI) MEMS sensor business for $950M.

STMicroelectronics is to acquire NXP Semiconductors’ MEMS (microelectromechanical systems) sensors business. The deal will see ST pay $950 million in cash for the business, including $900m upfront and ...

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NXP’s MEMS business generated revenue of $300M last year. It is focused on automotive safety products and sensors for industrial applications.

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Invesco PHLX Semiconductor ETF (NASDAQ: SOXQ)The total Assets Under Management (AUM) for SOXQ is 509.10M. This represents the total market value of the assets managed by the ETF.

Dell Technologies has carried out a round of job cuts that includes its “new logo” account acquisitions team and a number of sales positions, sources told CRN.

NXP has acquired Port GmbH to integrate industrial protocol software into its processors – as it seeks to assert control over the most critical point in the industrial IoT value chain: the edge.

With the planned acquisition of NXP’s MEMS business for US$950 million, ST intends to strengthen its global sensor capabilities.

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