NXP catches RJ upgrade, invests in Immersion rival Senseg


Two weeks after Morgan Stanley upgraded NXP (NXPI) to Overweight, Raymond James has upgraded the chipmaker to Strong Buy. Shares are up 2.8% premarket.

Separately, NXP announces it has taken a stake in haptic feedback tech developer and leading Immersion (IMMR) rival Senseg through a Series B funding round.

NXP says the investment will help Senseg develop a next-gen haptic solution small and cheap enough for the high-volume smartphone market, and later "other markets like portable gaming, navigation and in-vehicle controls."

Rumors have occasionally surfaced that Apple, which relies on NXP to make its M7 motion co-processor/sensor hub would adopt Senseg's technology. But it hasn't found its way into any iDevices yet.

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