Sony Corporation has this morning confirmed that it plans to acquire Altair Semiconductor for $212 million. We initially reported on this last week, but it looks like Sony has formally announced the deal, expecting it to complete by early February 2016.
Altair develops always on, low power LTE chipset solutions that are ideal for Internet of Things (IoT) devices. Altair is headquartered in Israel with approximately 220 employees with offices in U.S., China and Taiwan.
Sony says that with the acquisition it plans to “move forward with research on and development of new sensing technologies” to develop a “new breed of cellular-connected, sensing component devices.”