18th May 2016 06:20
LONDON (Alliance News) - Chipmaker ARM Holdings PLC on Wednesday said it has acquired UK-based imaging technology products company Apical Ltd for USD350.0 million in cash.
ARM said Apical is a leading company in the field of imaging and embedded computer vision technology. Apical's technology is used in more than 1.5 billion smartphones and around 300 million other consumer electronics devices, digital cameras and tablets, ARM said, and the company is one of the UK's fastest-growing technology companies.
ARM said the acquisition will support its long-term growth strategy by enabling new imaging products for next generation vehicles, security systems, robotics, mobile and any consumer, smart building, industrial or retail application where intelligent image processing is needed.
"Computer vision is in the early stages of development and the world of devices powered by this exciting technology can only grow from here," said ARM Chief Executive Simon Segars.
By Sam Unsted; [email protected]; @SamUAtAlliance
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