Investment expected to create 1,100 jobs.
Global memory chip industry is enjoying a massive boom thanks to a surge in demand for microchips.
The company last year announced a $3 billion investment in chip technology over five years.
Altera makes chips used in phone networks and cars, an area Intel is targeting for growth.
Deal makes NXP the biggest supplier of microchips to the automotive industry.
After losing its contract with Blackberry, the company is diversifying its customer base.
Robotics sales have reached $679.3 million so far in 2013, a 1.9% increase over the same period in 2012.
Semiconductor maker opens new office and technical support facility to satisfy new clean tech power conversion applications.
Europe’s largest chipmaker blames exit on stuggles associated with downturn in global demand.