NXP completed the acquisition of Kinara from Exfinity Venture Partners for $307m.

NXP, a semiconductor manufacturing company, completed the acquisition of Kinara, a provider of high-performance, energy-efficient and programmable discrete neural processing units, from Exfinity Venture Partners, an early-stage venture capital fund, for $307m. With the acquisition of Kinara, NXP boosts its portfolio with high-performance discrete NPUs and establishes a scalable platform for AI-powered edge systems. NXP will benefit from adopting Kinara’s AI engineers, who have extensive experience in ML hardware, software stacks and application integration. Just as importantly, the acquisition adds depth to NXP’s software offering to support customers building production-ready solutions.