10 AI News Dominating Wall Street Today

7. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 44

NXP Semiconductors N.V. (NASDAQ:NXPI) is a Dutch semiconductor manufacturing and design company. On December 16, the company announced that it has entered into a partnership with South Korean startup bitsensing to sell radar systems used in cars. By integrating NXP’s radar chips with bitsensing’s radar hardware and software, the collaboration aims to create high-performance, scalable radar solutions. Bitsensing radar systems utilize AI technology, integrating advanced signal processing techniques and AI-driven insights to offer high accuracy and reliable object classification in applications like automotive safety. The company said that the radar technology of bitsensing has a better range than that of its competitors and also holds the ability to operate in horizontal and vertical planes.