Anabelle Colaco
04 Aug 2026, 01:08 GMT+10
EINDHOVEN, NETHERLANDS: NXP Semiconductors is in talks to acquire chip designer Ambarella, the Financial Times reported on July 31, citing people familiar with the matter.
The report sent Ambarella shares up about 19%, while NXP shares fell more than 3%. Ambarella has a market capitalization of about $3.25 billion.
According to the report, a deal could strengthen NXP's capabilities in software-defined vehicles, radar and electrification. Ambarella develops low-power AI chips and software for edge devices including cameras, vehicles and robotics.
The Financial Times said discussions are ongoing and may not result in a transaction.
NXP declined requests for comment, while Ambarella did not immediately respond.
The reported talks come days after NXP forecast quarterly revenue above analysts' estimates, signaling continued demand for its chips across the automotive, industrial and data-center markets.
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