PUNCHBAG SONY has used some of its money to pick up an LTE chip mover and shaker and puff up its plans to make the most of changing technology.
Sony has splashed out $212m on Altair, and is expecting to have the firm fully nested by February, so long as stakeholders embrace its plans for the investment.
The purchase gets Sony a good chunk of 4G technology, and a bag load of low-power, high-performance chip technology and IoT stuff, which is to be considered a good thing in this industry.
"Altair develops and sells products focused on LTE technology, and its modem chips stand out for their low power consumption, high performance and competitive cost," said Sony in its acknowledgement of the deal.
"LTE is already widely used in data communication for mobile phones, and is expected to play a pivotal role in the interconnection of the IoT. More and more ‘things' are expected to be equipped with cellular chipsets, realising a connected environment in which ‘things' can reliably and securely access network services that leverage the power of cloud computing."
Altair has not made any comment on its website but does make clear that the firm is rather on top of the IoT.
The company recently announced a new R&D centre in Taiwan and revealed its intentions to push deeper into Asia and increase its skills in the area.
"The opening of a R&D facility in Taiwan represents our commitment to expanding our global footprint and our desire to bring next-generation LTE solutions to today's market," said Eran Eshed, VP of marketing and business development at Altair.
"We are rapidly expanding our customer footprint, many of which are designing innovative products based on our IoT chipset. We intend to further enhance the service we provide to this growing community and tap into the highly qualified talent pool that exists in Taiwan."
Sony plans to use the Altair technology to inform its own R&D, and reckons that it will combine its sensing skills with those of the new starters. µ
Don't worry, it seems to be just for security. For now
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