Sandisk is set to exit Altair Semiconductor, just over a year after it invested an undisclosed sum in the company, which had already raised about $125m.
Flash storage technology provider Sandisk is set to exit Israel-based Altair Semiconductor after electronics manufacturer Sony agreed today to buy the chipset producer for $212m.
Altair manufactures software and modem chip technology for mobile devices based on the LTE (Long Term Evolution) cellular standard. Sony said the company’s technology was attractive because of its high performance married to low power consumption and competitive cost.
Sony plans to combine Altair’s products with its sensor technology to develop cellular-connected, sensing component devices…
