5 Best Internet of Things (IoT) Stocks To Buy Now

2. NXP Semiconductors NV (NASDAQ:NXPI)

No of HFs: 68

Total Value of HF Holdings: $1.63 Billion

NXP Semiconductors NV was mentioned as one of the Top 10 Stocks Billionaire George Soros Just Bought. The company is a semiconductor producer that provides its users with secure connections for a smarter world.

Recently, the company announced a complete suite of new radar sensor chipset solutions that can surround vehicles in a 360-degree safety cocoon. Torsten Lehmann, EVP, and GM, Radio Frequency Processing of NXP said the radar sensor solutions can help users cover NCAP requirements.

“Radar has evolved from just detecting other cars’ velocity and distance to providing imaging radar’s high-resolution object and feature detection for precisely mapping the car’s surroundings. Our new radar sensor solutions can help customers cover NCAP requirements to make driving safe, and also address the frontier of ADAS sensing on the path towards fully autonomous vehicles.”

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