STMicroelectronics to Buy NXP's MEMS Sensor Business for $950 Million

By Nicholas G. Miller

STMicroelectronics is acquiring NXP Semiconductors' business focused on automotive and industrial sensors for $950 million in cash.

The European semiconductor company said Thursday the acquisition will allow it to further expand its position in the sensor market, particularly in automotive safety sensors.

The company said the acquisition will be financed with existing liquidity, with $900 million paid up front and $50 million subject to the achievement of technical milestones.

The transaction will close in the first half of 2026.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.