Dutch chipmaker NXP Semiconductors invests in China’s Hawkeye Technology

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s