NXP Semiconductors has entered into a definitive agreement to acquire Kinara, Inc. The acquisition will be an all-cash transaction valued at $307 million and is expected to close in the first half of 2025, subject to customary closing conditions, including regulatory clearances.
Kinara’s innovative neural processing units (NPUs) and comprehensive software enablement deliver energy-efficient artificial intelligence (AI) performance across a range of neural networks, including conventional AI, as well as generative AI (GenAI), to address the rapidly growing AI needs of industrial and automotive markets.
The acquisition will enhance and strengthen NXP’s ability to provide complete and scalable AI platforms, from TinyML to GenAI, by bringing discrete NPUs and robust AI software to NXP’s portfolio of processors, connectivity, security, and advanced analog solutions. Together, the companies will create tighter integration of solutions to deliver scalable AI platforms for a variety of industrial and automotive AI inference needs.
Commenting on the announcement, Rafael Sotomayor, executive vice president and general manager, secure connected edge, NXP Semiconductors, said, “The industrial market is going through a transformation, with new innovations like GenAI helping to deliver major improvements in efficiency, sustainability, safety and predictability, and in many instances, unlock new use cases and functionality. Adding Kinara’s AI capabilities to our broad intelligent edge portfolio creates a scalable platform for new classes of AI-powered systems. Together, we can help our customers simplify complexity and accelerate time to market as they create transformative AI systems.”
