Sony has confirmed that it has purchased Altair Semiconductor in a deal which is worth $212 million US dollars.
The company develops low power LTE chipsets that are designed for Internet of Things (IoT) devices and Sony now has plans to develop IoT devices.
With the acquisition of Altair, Sony aims to not only expand Altair’s existing business, but also to move forward with research on and development of new sensing technologies. By combining Sony’s sensing technologies – such as GNSS (Global Navigation Satellite System) and image sensors – with Altair’s high-performance, low power consumption and cost-competitive modem chip technology, and by further evolving both, Sony will strive to develop a new breed of cellular-connected, sensing component devices.
With the markets for wearable and IoT devices expected to continue to expand, Sony aims to deliver component devices that feature both sensing and communication capabilities, as well as new LTE solutions that leverage the strengths of these component devices.
You can find out more details about the deal between Sony and Altair Semiconductor at the link below.
Source SonyFiled Under: Technology News