28 Apr '16, 11pm

Cypress Acquires Broadcom's Wireless IoT Business, Loses Long-Time Chief Executive

Cypress Acquires Broadcom's Wireless IoT Business, Loses Long-Time Chief Executive

In another attempt to redraw product lines around wireless sensors that gather data and bring automation into homes and manufacturing, Cypress Semiconductors has agreed to buy Broadcom Limited 's wireless Internet of Things business for $550 million in cash. Under the terms of the deal, Cypress will acquire Broadcom’s Wi-Fi, Bluetooth, and ZigBee products and intellectual property, along with the WICED developer platform for creating internet-connected sensors. The company said that it plans to target Broadcom’s chips not only at consumer electronics but also industrial equipment and connected cars, which have started to feature more wireless and digital services. Related Dialog's Atmel Move Targets Integrated Systems for Industrial IoT and Smart Homes Wireless Sensor Networking for the Industrial IoT What to Expect from the Building Internet of Things T.J. Rodgers, chief ...

Full article: http://electronicdesign.com/iot/cypress-acquires-broadcom...

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Cypress to aqcuire Broadcom’s IoT wireless business: Cypress Semiconductor has agreed to acquire...

Cypress to aqcuire Broadcom’s IoT wireless busi...

electronicsweekly.com 28 Apr '16, 4pm

This means Cypress will acquire Broadcom’s Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along ...

Cypress

cypress.com 28 Apr '16, 12pm

This press release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation R...

via @eetimes

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Download this article in .PDF format This file type includes high-resolution graphics and schematics when applicable. Has ...