Investing.com -- NXP Semiconductors is in discussions to acquire Ambarella, a chip designer focused on AI-enabled chips for camera technology in self-driving cars, the Financial Times reported on Friday. The talks between the two companies are ongoing, though a transaction is not certain, the report said. Ambarella shares are trading over 17.5% higher following the announcement. NXP Semiconductors is trading 3.3% lower. Related articlesAmbarella reportedly in talks to be acquired by NXP Semiconductors, shares spikeNovo Nordisk stock tumbles 10% as key trial misses goalEuropean shares close mixed despite AI optimism