Dutch-listed firm NXP to buy AI edge chipmaker Kinara for $307M, giving exits to Tiger Global, Exfinity Venture

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Dutch-listed firm NXP to buy AI edge chipmaker Kinara for $307M, giving exits to Tiger Global, Exfinity Venture - YourStory

Quick Summary:

The $307 million all-cash deal, expected to close in 2025, will enhance NXP’s AI platforms with Kinara’s NPUs and software.

Speaking about Kinara’s team, the CEO said, “Our engineering team is going to become a part of the NXP engineering team, and the plans for the executive team are being discussed and we should have visibility into that in the next 30 to 60 years.

NXP’s acquisition of Kinara is expected to close in the first half of 2025, pending customary closing conditions and regulatory approvals.