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NXP to Acquire TTTech Auto for $625 Million to Boost Automotive Software Capabilities

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NXP, a leading Dutch chipmaker, has announced it will acquire Austria’s TTTech Auto for $625 million in a strategic move to strengthen its automotive operations. As the largest supplier of chips for vehicles, NXP aims to expand its reach in the growing automotive software sector with this acquisition. TTTech Auto specializes in safety-oriented middleware, which enables a car’s operating system to integrate with various applications, ensure critical functions remain intact, and facilitate software updates.

In a statement, Jens Hinrichsen, NXP’s general manager for automotive embedded systems, explained that the acquisition would bolster the company’s position in the automotive market as carmakers increasingly prioritize software over hardware in vehicle design. He emphasized that the deal would position NXP as a “leading provider of intelligent edge systems” in the automotive sector.

Once the all-cash deal is finalized, TTTech Auto, based in Vienna, along with its management team and 1,100 employees, will be integrated into NXP’s automotive division. This acquisition is expected to enhance NXP’s capabilities in delivering advanced automotive solutions, aligning with the growing demand for smarter, software-driven vehicle technologies.

 

Philips Sells Xiver Chipmaking Subsidiary, Report Reveals

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Philips, the global healthcare technology company, has sold its small chipmaking subsidiary, Xiver, according to a report by the Telegraaf newspaper, citing the company’s CEO. The subsidiary was acquired by a consortium led by Orange Mills Ventures, the investment firm of Dutch businessman Cees Meeuwis. The financial details of the transaction were not disclosed.

Xiver, which specializes in manufacturing micro-electromechanical systems (MEMS)—a combination of mechanical and electronic components on a silicon chip—had been struggling financially and was described as a loss-making business. The subsidiary employed around 100 people. CEO John van Soerland, who retired from VDL last year, confirmed that Xiver supplies to major industry players, including ASML and the French defense firm Lynred.

Philips, which sold most of its semiconductor-related businesses, including ASML, several years ago, has since focused its efforts primarily on the healthcare sector. Xiver’s sale marks another step in the company’s strategy to streamline its operations, continuing its shift away from semiconductor manufacturing. Philips’ former semiconductor businesses, which include NXP and Nexperia, have now been spun off into separate entities.