NXP in talks to buy chip developer Ambarella, FT reports

July 31 : NXP Semiconductors is in talks to buy chip designer Ambarella, the Financial Times reported on Friday, citing people familiar with the matter. Shares of Ambarella, with a market capitalization of $3.25 billion, jumped nearly 17 per cent, while NXP fell over 3 per cent following the report.Here are a few details:• A potential deal could bolster NXP's capabilities in software-defined vehicles, radar and electrification, as Ambarella develops low-power AI chips and software for edge devices such as cameras, vehicles and robotics. • Discussions are ongoing and might not lead to a transaction, FT said.• NXP and Ambarella did not immediately respond to Reuters' requests for comment.• The development comes after NXP forecast quarterly revenue above analysts' estimates on Tuesday, signal