NXP sold the audio branch to Goodix Technology
Eindhoven chipmaker NXP Semiconductors sells its speech and audio branch to the Chinese Shenzhen Goodix Technology. The deal involves $ 165 million in cash.
These are activities where speech and audio solutions are manufactured for manufacturers of smartphones. NXP worked on this in both Europe and Asia. The employees in question will be transferred to the new owner if the deal has been approved by regulators in, for example, China.
“The acquisition is a strategic step in Goodix’s growth plan,” said David Zhang, CEO of the Chinese company. Goodix specializes in chips for smart devices, so-called internet-of-things applications and car electronics. The company is also a major player in the field of, for example, face recognition and fingerprints for devices that run on Google’s operating system Android.