STMicroelectronics N.V. announced on July 24, 2025, its agreement to acquire NXP’s MEMS sensors business for up to $950 million, enhancing their sensor technology portfolio. This acquisition is expected to be financially beneficial, with NXP's MEMS business generating approximately $300 million in revenue in 2024 and expected to improve ST’s earnings per share after the deal is finalized in H1 2026.