Sony to acquire Altair Semiconductor targeting IoT market

Sony to acquire Altair Semiconductor at a price of 212 million U.S. dollars (approximately 25 billion yen), and Sony expects to complete the acquisition in early February, 2016. Israel based Altair develops modem chips and software for LTE. Sony to combine its sensing technologies such as GNSS (Global Navigation Satellite System) and image sensors with Altair's modem chip technology to develop a new breed of cellular-connected, sensing component devices for fast emerging IoT market....