NXP Semiconductors N.V. announced the completion of the acquisition of TTTech Auto, a leader in innovating unique safety-critical systems and middleware for software-defined vehicles (SDVs), pursuant to the terms of the previously announced agreement from January 2025.

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The open and modular offering of the NXP CoreRide platform and TTTech Auto’s MotionWise safety middleware helps automakers overcome software and hardware integration barriers, while reducing complexity and development efforts and increasing scalability and cost-efficiency required for next-generation vehicles.

To continue operating within an open industry ecosystem, TTTech Auto’s services will remain with neutral position, supporting various System-on-Chips manufacturers, OEMs and 3^rd party software partners. This will advance SDV capabilities while maintaining stringent safety and performance standards and ensuring data protection.

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Forward Looking Statements

This document includes forward-looking statements which include statements regarding NXP’s acquisition of TTTech Auto, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors and other cautionary statements included in NXP’s SEC filings. Copies of NXP’s SEC filings are available on NXP’s Investor Relation website, https://investors.nxp.com or from the SEC website, www.sec.gov.

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Source – Globenewswire