Ambarella reportedly enters exclusive sale talks with NXP Semiconductors
Photo: Crypto Briefing
The edge AI chipmaker's board is said to have picked NXP after weighing multiple offers, including reported interest from Qualcomm and Nvidia Ambarella, the chipmaker behind low-power AI processors for cameras and vehicles, is reportedly in exclusive talks to sell itself to NXP Semiconductors. The company’s board met this week to review multiple offers, and NXP is said to have come out ahead. Shareholders responded with a shrug that leaned negative: the stock slipped about 2%. The reports center on a board-level decision. After weighing several bids, Ambarella’s directors moved forward with exclusive discussions with NXP, according to the reporting.
Source: Crypto Briefing
