Sony $212 million acquisition of Altair Semiconductor

Overview:

• Sony has acquired Altair Semiconductor for $212 million.
• Altair is an Israeli microchip and software producer focused on LTE (Long Term Evolution), the 4G standard.
• The acquisition has been made in the expectation of an increase in demand for chips as part of a move towards an internet-of-things (IoT).

Sam Duke - Editor