16th Apr 2015 09:08
LONDON (Alliance News) - ARM Holdings PLC Thursday said it has struck a deal to acquire Wicentric and Sunrise Micro Devices for an undisclosed amount to boost its presence in the Internet of Things market.
The FTSE 100-listed semiconductor company said the intellectual property of both companies will be merged to form the ARM Cordio portfolio.
Wicentric is a Bluetooth Smart stack and profile provider and Sunrise provides sub-one volt Bluetooth radio intellectual property.
ARM said the acquisitions will boost its intellectual property portfolio targeting low-power wireless communications, such as the Internet of Things.
ARM shares were up 0.8% on Thursday morning, one of the best performers in the FTSE 100.
By Sam Unsted; [email protected]; @SamUAtAlliance
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