Key Developments

In January 2023, NXP Semiconductors N.V., a world leader in secure connectivity solutions for embedded applications, announced its participation in the early development phases of new VinFast automotive projects at CES 2023. VinFast, a member company of Vietnam's largest conglomerate Vingroup, will strive to leverage NXP's processors, semiconductors, and sensors, while NXP will provide its top-tier solutions to speed time-to-market. The joint expert collaboration between the two companies will focus on developing solutions for designing and producing cutting-edge electric vehicles based on NXP's recognized reference assessment platforms and software layers.
In December 2022, Continental AG, a technology company known for its safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic, and transportation, announced that it will showcase modules and sensors specifically designed for electromobility. Continental AG will debut its Advanced Driver Assistance Systems (ADAS), which have been integrated into the "CV3" SoC (System on Chip) family with artificial intelligence (AI) from semiconductor startup Ambarella.
In November 2022, Infineon Technologies AG, a leading global semiconductor solutions provider focused on electrification, automation, and digitalization, announced the addition of the latest XENSIV TLE4971 family to its current sensor portfolio for automotive applications. Infineon's XENSIV TLE4971 devices offer precise magnetic current sensing based on proprietary temperature and stress compensation, without the negative effects of magnetic cores caused by hysteresis or saturation effects.
In March 2022, CTS Corporation, a global manufacturer of sensors and actuators, announced the acquisition of TEWA Temperature Sensors SP. Zo.o. and its subsidiaries. TEWA Temperature Sensors is an industry leader in temperature sensors, and this acquisition is a strong complement to CTS's existing temperature sensing platform. The deal will expand CTS's presence and capabilities in the European market.