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

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 201

By: techcrunch.com

Jan 07 2025
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NXP to buy automotive safety software firm TTTech Auto for $625M — NXP to buy automotive safety s

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. […]