Dutch chipmaker NXP Semiconductors NV said on April 17, that it has invested in Chinese self-driving technology company Hawkeye Technology Co Ltd to expand its footprint in the automotive radar market in China. Financial terms of the agreement were not disclosed.NXP also signed a collaboration agreement with the Chinese firm under which Hawkeye will offer its expertise in 77Ghz automotive radar, a technology that enhances automotive safety by enabling vehicles to identify crash situations, a team of engineers and a lab complex within Southeast University in Nanjing, China, NXP said in a statement.

The collaboration with Hawkeye is evidence of NXP’s confidence in the Chinese market and our determination to continuously invest in the country," NXP China Plastic Injection Household Part Molding President Kurt Sievers said in a statement.Through the partnership, the two companies will create NXP-based reference designs for the Chinese automotive market

Posted by: Rita at November 16, 2023 08:03 AM (cCp+I)

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