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Market Chatter: NXP Semiconductors in Talks to Acquire Ambarella

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NXP Semiconductors (NXPI) is in talks to acquire Ambarella (AMBA), a designer of chips used in the camera technology for self-driving cars, the Financial Times reported Friday, citing people familiar with the matter.

Talks between NXP and Ambarella are ongoing, but a transaction is not guaranteed, the report said, citing the people.

NXP and Ambarella didn't immediately reply to requests for comment from.

Shares of Ambarella rose 17% in Friday trading, while NXP Semiconductors shares fell 4%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $235.04, Change: $-10.13, Percent Change: -4.13%

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