Self-driving cars promote chip industry M&A transactions

Beijing time on November 6th news, according to foreign media reports, NXP Semiconductors (hereinafter referred to as "NXP") car business general manager Kurt Sievers (Kurt Sievers) told Reuters that auto-driving car heat will promote More M&A deals have emerged in the chip space. NXP is the world's largest auto chip maker.

Sifus said, "Cars have been driving mergers and acquisitions, and for some time in the future will continue to be the driving force for M&A transactions in the chip sector. From a broader perspective, devices connected to the Internet are driving M&A in the chip space."

With the slowdown in smartphone sales growth, various chip makers are vying for market share in the Internet of Things and the automotive sector, and M&A activity in the chip industry is quite fast.

Self-driving cars promote chip industry M&A transactions

Auto and truck manufacturers are racing to develop autonomous vehicles to defend against possible threats to technology companies.

Last week, NXP and Qualcomm reached an agreement to sell the company to Qualcomm for $38 billion. Less than a year ago, NXP acquired Freescale as the world's largest automotive chip maker.

Sifus said at a meeting in NXP that "the number of chips used in cars will double in the next few years, and the chip will provide functions such as assisted driving and energy management. In addition, the car is still transforming into autonomous driving technology."

NXP showed off the technology of driving a car in a row with the help of radar chips. The first car is driven by the driver, while the other cars use semi-automatic driving technology to help improve driving safety and save energy. It is this technology that prompted Qualcomm to acquire NXP.

Sifus said, "Qualcomm is also helpful to us: connection. We are good at sensors. I expect that each car will need 2 instead of the current one, because the amount of data that the car needs to process is very large. Qualcomm owns us. The modems we need, in conjunction with our technology, will give us an edge in the competition." (Compile / Frost Leaf)

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