Dutch chipmaker NXP and South Korea's bitsensing in radar deal
The aim of the agreement is to integrate NXP's radar chips with Bitsensing's radar hardware and software, CEO Jae-Eun Lee said in an email, though the financial details were not disclosed.

The deal will focus on combining NXP's radar chips with bitsensing's radar hardware and software, CEO Jae-Eun Lee said in an email without disclosing financial terms.
The radar technology of bitsensing has better range than that of its competitors and the ability to operate in horizontal and vertical planes, the company says.
Lee said that radar, frequently used in safety applications, generally has an edge over lidar and cameras in poor weather. The company has raised $52 million since it was founded in 2018.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.