Market Chatter: NXP Semiconductors in Talks to Acquire Ambarella

MT Newswires Live08-01

NXP Semiconductors (NXPI) is in talks to acquire Ambarella (AMBA), a designer of chips used in the camera technology for self-driving cars, the Financial Times reported Friday, citing people familiar with the matter.

Talks between NXP and Ambarella are ongoing, but a transaction is not guaranteed, the report said, citing the people.

NXP and Ambarella didn't immediately reply to requests for comment from MT Newswires.

Shares of Ambarella rose 17% in Friday trading, while NXP Semiconductors shares fell 4%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 235.04, Change: -10.13, Percent Change: -4.13

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment