The undisclosed investment is aimed at increasing its footprint in China’s automotive radar market.
On Wednesday, Dutch chipmaker NXP Semiconductors NV stated, it has invested in Chinese self-driving technology company Hawkeye Technology Co Ltd to expand its footprint in the automotive radar market in China.
NXP has also signed a collaboration agreement with Hawkeye in which the latter will offer its expertise in 77Ghz automotive radar – a technology that enhances automotive safety by enabling vehicles to identify crash situations – as well as provide a team of engineers and a lab complex within Southeast University in Nanjing, China, said NXP in a statement.
The financial terms of the agreement were not disclosed.
The partnership will be a vehicle that will create NXP-based reference designs for the Chinese automotive market.
“The collaboration with Hawkeye is evidence of NXP’s confidence in the Chinese market and our determination to continuously invest in the country,” said NXP President Kurt Sievers in a statement.