11 Cheap Technology Stocks to Buy Now

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9. NXP Semiconductors (NASDAQ:NXPI)

Forward P/E Ratio as of August 5: 18.02

Number of Hedge Fund Holders: 49

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.

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

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