Nokia reportedly acquired NXP’s fabrication plant in Chandler, Arizona. Nokia plans to convert the facility to produce indium-phosphide optical chips used in AI data-center networking. The transaction is expected to close in the first quarter of 2029, but the digest does not provide the purchase price or NXP’s expected financial proceeds.
Key facts
Confluence Investment Management LLC reduced its stake in NXP Semiconductors N.V. by 31.1% in the second quarter, now holding 151,365 shares valued at $42.54 million. source
Institutional investors collectively own 90.54% of NXP Semiconductors N.V. source