Sony acquires Altair Semiconductor to join in IoT revolution
Sony has acquired Altair Semiconductors for $200 million, a developer of high performance, ultra-low power LTE chipsets according to Israeli media. Altair is one of the leading provider of single-mode LTE chips, which feature in Internet of Things (IoT) devices.
Altair was already one of the vendor to Sony which was supplying chips to Sony for many years, which seems to be a good step taken by Sony to execute its IoT plans. The firm is based in Israel and employs around 200 engineers and software developers. The company has six offices around the world including four in Asia (China, Taiwan, Japan and India).
“Sony Mobile regards the push into the realm of IoT and our strategies for diving into this market are critically important. There can be little doubt that the market for network-connected devices – of every shape, size and type – will explode at breakneck pace going forwards,” said Izumi Kawanishi, Sony Mobile’s EVP of Product Business Group recently.
We have to see how Sony will perform against some existing networking giants who all are also preparing for the next gen technology in IoT field like Intel, Broadcom, Qualcomm etc.
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