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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.

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Source:: Network World – IoT