Chevron and STMicroelectronics exit Ember to peer.
Ember, a US-based wireless communications technology connecting devices, homes and the grid, has sold to trade peer Silicon Labs for less than its previously raised $89m from venture capital (VC) firms and strategic partners Chevron Technology Ventures, Stata Venture Partners, STMicroelectronics and Hitachi and university Massachusetts Institute of Technology.
US-based chip company Silicon Labs acquired Ember for $72m.
Founded in 2001 by ethernet inventor Bob Metcalfe, Ember helped build a low power wireless standard and chip technology to create…
