NXP Semiconductors NV

NXPI: XNAS (USA)
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NXP: Making a Reasonable Move to Divest MEMS Sensors to STMicro; $280 Fair Value Estimate Maintained

STMicroelectronics agreed to acquire the MEMS (Micro-Electro-Mechanical Systems) 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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