Datang NXP Semiconductors Nabs CNY 126 Million from Local Auto Fund
Xuzhou Automobile Semiconductor Industry Fund has reportedly invested CNY 126 million in Datang NXP Semiconductors, 51% of which is owned by Datang Telecom and the rest of the shares belong to NXP (NXPI:NASDAQ).
With the rapid development of the 'V2X' (Vehicle-to-Everything) concept, there is a vast demand for semiconductor devices in the automotive industry.
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