Cisco and UMC-backed fabless semiconductor producer EnVerv has been acquired by semiconductor supplier Semtech.
US-based fabless semiconductor producer EnVerv, backed by computing company Cisco and semiconductor foundry UMC, has been acquired by semiconductor supplier Semtech.
Semtech specifically acquired EnVerv for its power line communications technology, which enables communications via power lines and lets utility providers implement smart metering. The technology will be integrated into Semtech’s own platform to penetrate metering, machine to machine and internet of things sectors.
Financial details of the acquisition deal have not been disclosed, but Semtech expects the acquisition to…
