January 28, 2016 4:19 pm | Updated 1 year ago.
In a smart move, to better position the company in the Internet of Things market, Japanese firm Sony Corporation today announced that it has reached an agreement to acquire Israel – based chip company Altair Semiconductor for a price of US $212 million. Altair Semiconductor is a well – known provider of single-mode LTE solutions and plays an important role in accomplishing the journey of the Internet of Things (IoT) as mentioned in the company’s website.
LTE (Long Term Evolution) is seen as a technology providing chipsets that already empowers millions of devices. It gives Altair an added advantage in the Internet of Things. This acquisition is in line with Sony Corporation’s future venture in developing cellular – connected sensing devices by integrating it with GNSS (Global Navigation Satellite System) and image sensors. The company is also planning to concentrate on the component business by procuring Toshiba’s image sensor and memory controller fabrication facility in Japan.
Date of Publication: January 26,2016