NXP to buy TTTech Auto for $625m
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NXP Semiconductors is to buy Austrian automotive software developer TTTech Auto for $625m in cash as part of its move into software defined vehicles.
TTTech Auto has established business relationships with many leading automotive OEMs through its deterministic operating system and time triggered Ethernet technology. This fits well with NXP’s focus on central and domain controller silicon.
Subject to regulatory approvals, Vienna-based TTTech Auto including its management team, intellectual property, assets, and approximately 1,100 engineering staff will join NXPs automotive team. As part of NXP, TTTech Auto will continue to serve existing customers and expand its global footprint under the NXP brand.
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The SDV market will expand to 45% penetration of global auto production in 2027, reflecting a 48% CAGR between 2024 and 2027, says market researcher S&P.
This is driving a fundamental shift to new vehicle architectures, and NXP launched its CoreRide platform last March to address the transition to SDVs with TTTech Auto as a key partner, porting its software to the S32 chips. The NXP CoreRide platform features NXP’s S32 vehicle compute, networking, and system power management. This deal adds the MotionWise middleware, communications and safety technology to the stack.
MotionWise is designed to dependably manage the interconnected systems in SDVs, prioritizing safety-critical functions and supporting integration and adaptability. MotionWise also lets car makers efficiently scale software across car models with a robust safety backbone through a safety-by-design approach. TTech Auto recently added dataflow-driven scheduling to the software for more efficient utilisation of the silicon.
“This acquisition combines NXP’s automotive portfolio with a leading global player in safety software solutions,” said Jens Hinrichsen, executive vice president and general manager of analog & automotive embedded systems at NXP. “The inclusion of TTTech Auto’s software into the NXP CoreRide solution further strengthens NXP’s automotive value proposition and accelerates the automotive industry’s transformation to software-defined vehicles. NXP CoreRide enables automakers to deploy their best-in-class, differentiated vehicle platforms more efficiently, faster, and safely. Our acquisition of TTTech Auto is the next big step in NXP’s journey to become the leading provider of intelligent edge systems in automotive and Industrial IoT.”
“The emergence of intricately connected and adaptive frameworks in SDVs highlights the need for middleware to tackle challenges in integration, safety and scalability,” said Dirk Linzmeier, chief executive officer of TTTech Auto. “Together, MotionWise and NXP CoreRide empowers automakers with a robust SDV foundation, ensuring seamless coordination of diverse systems that help automakers deliver innovative features while maintaining reliability and safety at scale.”
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