NXP Semiconductors Reports Follow-on Investment In Cohda Wireless

(RTTNews) - NXP Semiconductors N.V. (NXPI) announced a follow-on investment in Cohda Wireless, a software specialist for automotive safety applications.

Through the expansion of its investment in Cohda Wireless, NXP reinforces its commitment to drive the rapid global adoption of V2X (vehicle-to-vehicle and vehicle-to-infrastructure) technology, allowing cars to communicate with one another and to the surrounding intelligent traffic infrastructure by wirelessly exchanging real-time warning messages and traffic information. V2X technology has the potential to vastly improve road safety, alleviate traffic congestion and enhance the overall experience for consumers.

In January 2013, NXP, along with Cisco, acquired a shareholding in V2X software leader Cohda, combining forces to advance Intelligent Transport Systems or ITS.