STMicroelectronics NV

STMPA: XPAR (FRA)
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STMicro: Paying a Reasonable Price for NXP’s Sensor Business; Maintain $32 Fair Value Estimate

STMicroelectronics agreed to acquire the Micro-Electro-Mechanical Systems, or MEMS, sensor business of NXP Semiconductors for $950 million. ST disclosed that NXP’s MEMS business generated $300 million of revenue in 2024 with gross and operating margins that would be accretive to ST.

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