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NXP invests in Chinese self-driving technology company Hawkeye

April 17 (Reuters) - Dutch chipmaker NXP Semiconductors NV said on Wednesday that it has invested in Chinese self-driving technology company Hawkeye Technology Co Ltd to expand its footprint in the automotive radar market in China.

NXP also signed a collaboration agreement with the Chinese firm under which Hawkeye will offer its expertise in 77Ghz automotive radar, a technology that enhances automotive safety by enabling vehicles to identify crash situations, a team of engineers and a lab complex within Southeast University in Nanjing, China, NXP said in a statement.

Financial terms of the agreement were not disclosed.

"The collaboration with Hawkeye is evidence of NXP's confidence in the Chinese market and our determination to continuously invest in the country," NXP President Kurt Sievers said in a statement.


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