Sony to Acquire 4G LTE Chipmaker Altair in Connected Devices Push
In an attempt to expand beyond chips for smartphone cameras, Sony Corp. has agreed to buy Israel-based Altair Semiconductor for $212 million.
With expertise in modem chips for fourth-generation cellular technology, Altair makes chipsets that connect various devices ranging from security systems, power meters and cars to the Web. The acquisition will help Tokyo, Japan-based firm to power the next-gen of smart appliances.
The deal is due to close next month, reports Bloomberg.
“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 computing,” Sony said in the statement.
Sony is currently shifting its focus away from consumer electronics to image sensors, video games and movies. Last year, the company announced that it’s buying Toshiba Corp.’s image sensor operations $155 million to double down on one of its few profitable businesses.