STMicro to buy NXP’s MEMS sensor biz for $950 mn to tap automotive safety, industrial markets
NEW DELHI: STMicroelectronics on Thursday said it has agreed to acquire NXP Semiconductors’ MEMS (micro-electromechanical systems) sensors business for $950 million to tap the automotive safety and industrial applications markets.
Under the agreement, STMicroelectronics will pay $900 million upfront and $50 million upon the achievement of technical milestones. The transaction is expected to close in H1 2026, subject to necessary regulatory approvals and conditions.
