STMicroelectronics to acquire the MEMS sensors business from NXP Semiconductors for $950m.

STMicroelectronics, a semiconductor leader serving customers across the spectrum of electronics applications, agreed to acquire the MEMS sensors business from NXP Semiconductors, a semiconductor manufacturing and design company, for $950m. “The planned acquisition is a great strategic fit for ST. Together with ST’s existing MEMS portfolio, these highly complementary technologies and customer relationships, focused on automotive safety and industrial technologies, will strengthen our position in sensors across key segments in automotive, industrial and consumer applications. By leveraging our IDM model, with technology R&D, product design and advanced manufacturing, we will better serve all our customers worldwide,” Marco Cassis, STMicroelectronics President, Analog, Power & Discrete, MEMS and Sensors Group.