ST Microelectronics Acquires NXP's MEMS Sensors Business
STMicroelectronics is strengthening its position in sensors with the acquisition of NXP's MEMS sensors business. The European semiconductor company intends to reinforce its strategic position in all types of sensor applications, with a particular focus on wearables and automotive safety and assistance. NXP offers all types of pressure sensors (airbags, tire pressure), accelerometers, gyroscopes, and inertial sensors, as well as magnetometers. The agreement for the acquisition of NXP's MEMS sensor business sees ST paying up to US$950 million in cash, with $50 million subject to the achievement of technical milestones.
