AMBA Stock Rockets 18% On NXP Buyout Talks For Self-Driving Chip Maker
Ambarella (AMBA) stock surged nearly 18% following reports that NXP Semiconductors (NXPI) is in talks to acquire the self-driving chip maker. The potential acquisition would bolster NXP's automotive chip business by integrating Ambarella's specialized image-processing and edge-AI technology. NXP's shares fell 5% on the …