Huawei's acquisition of a tech champion is Dutch chipmaker NXP Semiconductors. NXP Semiconductors is one of the world's leading suppliers of semiconductors for automotive electronics, security solutions, wireless communications, identity, and more. Huawei acquired NXP Semiconductor's wireless communications business in 2018, strengthening its technology and product strengths in the 5G field. The move also further consolidated Huawei's leading position in the global communications market.