MUNICH: NXP Semiconductor, the world's largest chip supplier to the automotive industry, expects efforts to make self-driving cars will lead to more consolidation in its sector, the company's automotive head told Reuters.
"Automotive has been driving M&A and will be the force behind M&A in the chip sector for some time. Maybe in a broader perspective, all things connected to the Internet," Kurt Sievers, NXP's Automotive general manager said.
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