Sony Grabs Israeli Chipmaker Altair for $212M To Boost IoT Biz

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Sourced through Scoop.it from: www.toptechnews.com

Sony Corp. ust snapped up Altair Semiconductor for $212 million to get a running start. Israel-based Altair makes modem chip technology and develops software for LTE, the standard data Relevant Products/Services communications protocol on most smartphones. Industry watchers expect LTE to be the connector of devices in the rising IoT market. Sony expects to complete the acquisition early next month.  “Going forward, more and more ‘things’ are expected to be equipped with cellular chipsets, realizing a connected environment in which ‘things’ can reliably and securely access network services that leverage the power of cloud Relevant Products/Services computing,” Sony said in a statement.

See on Scoop.itInternet of Things – Company and Research Focus

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