Get ready, the automotive market as you know it will never be the same.

Acquiring NXP would make Qualcomm the leading chip supplier to the fast-growing automotive market.

Electric vehicles still make up only a small piece of the global automotive market.

Unlike the fast-changing smartphone market, nothing is changing overnight (in the automotive market).

The deal is the latest example of M&A activity among chipmakers getting into the automotive market.

Last year, it surpassed the United States to become the largest automotive market in the world.

Through the partnership, the two companies will create NXP-based reference designs for the Chinese automotive market.

Electric cars for the world's fastest-growing automotive market?

The deal is expected to help SG expand its footprint in China, the world's largest automotive market.

Analysts have previously questioned Osram's strategic fit with AMS given its exposure to the struggling automotive market.

Founded in 2017, the company's technology targets the automotive market, smart cameras, smartphones, drones and other sectors.

But like established automakers, survival in the hyper-competitive U.S. automotive market has not been easy for Tesla.

Founder Steve Fambro said he built robots that made DNA before turning his attention to the automotive market.

Electronic market accounts for about 70 percent of the group NSV, while the automotive market generates the rest.

NXP's strength in the automotive market had been expected to help Qualcomm reduce its dependence on the smartphone market.

Also, electric vehicles have yet to make a mark in the automotive market despite the high potential and promise.