NXP Semiconductors (NASDAQ:NXPI) is one of the cheap technology stocks to buy now. On August 1, NXP Semiconductors announced the release of its i.MX 95 series, the latest addition to its i.MX 9 family of application processors. The new series is designed to support the increasing demands of next-generation applications in sectors like automotive, industrial automation, networking, connectivity, and Human-Machine Interfaces/HMI.
Key features of the i.MX 95 include high-performance computing, immersive 3D graphics with Arm Mali, a new machine learning accelerator, and ultra-fast data throughput. It is the first in the i.MX 9 lineup to incorporate NXP’s eIQ Neutron Neural Processing Unit/NPU and a next-generation Image Signal Processor/ISP.
High angle view of a semiconductor chip against an array of electronics components.
In response to this launch, Advantech introduced two new compact Computer-on-Modules based on the NXP i.MX 95 platform: the AOM-5521/SMARC and the AOM-2521/OSM. These modules are engineered for next-gen edge AI applications, featuring a multi-domain architecture with up to six Arm Cortex-A55 cores running at up to 2.0 GHz.
NXP Semiconductors (NASDAQ:NXPI) provides semiconductor products in China, the US, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.
Advantech is a company that provides IoT intelligent systems and embedded platforms
While we acknowledge the potential of NXPI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.