July 24 (Reuters) – French-Italian chipmaker STMicroelectronics (STMPA.PA), opens new tab said on Thursday it would acquire part of NXP Semiconductors’ (NXPI.O), opens new tab sensor unit for up to $950 million in cash.
The deal would expand STMicro’s portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications.
