Semtech acquires Sierra Wireless for IoT technology

Semiconductor maker Semtech has announced plans to acquire fellow chip vendor Sierra Wireless in an effort to accelerate its push into making internet of things components.

Semtech makes a variety of analog and mixed-signal chips, including long-range, low-power wireless RF connectivity, power management, and video-broadcast equipment. Sierra Wireless makes dedicated IoT technology. Semtech has made steps toward this market but a takeover of Sierra would accelerate the effort.

“We believe the next era of technology growth is the full digitization of our industrial world—the internet of everything,” Mohan Maheswaran, CEO of Semtech said in the statement. “Our vision is to build a simple, horizontal platform with the goal of accelerating this transformation and to bring about a smarter and more sustainable planet.”

To read this article in full, please click here

Source:: Network World – IoT