The Netherlands chipmaker NXP Semiconductors N.V. has entered into an agreement to acquire Kinara Inc., a maker of programmable discrete neural processing units and software.
Under the $307 million deal, NXP will expand its range of edge AI applications like multi-modal generative AI models.
Kinara’s NPUs and software applies to a range of neural networks like:
- Conventional AI
- Generative AI
- Industrial AI
- Automotive AI
The acquisition will enhance NXP AI platforms from TinyML to generative AI by bringing discrete NPUs and AI software to NXP’s own line of processors, connectivity, security and analog devices, NXP said.
“The industrial market is going through a transformation, with new innovations like generative AI helping to deliver major improvements in efficiency, sustainability, safety and predictability, and in many instances, unlock new use cases and functionality,” said Rafael Sotomayor, executive vice president and general manager, Secure Connected Edge at NXP.
This acquisition will help to create transformative AI systems for its customers, Sotomayor said.
