Sony Announces it will Buy Israel’s Altair Semiconductor for $212 Million

“Altair develops and sells products focused on LTE technology, and its modem chips stand out for their low power consumption, high performance, and competitive cost,” Sony said.

The Japanese electronics giant Sony announced Tuesday that it will acquire the Israeli company Altair Semiconductor for $212 million, with the deal closing in early February.

“Altair, an Israel-based company, owns modem chip technology and related software for LTE (Long Term Evolution), a 4G cellular standard for mobile devices. Altair develops and sells products focused on LTE technology, and its modem chips stand out for their low power consumption, high performance, and competitive cost,” Sony said, adding that it plans to use the acquisition to develop a “new breed of cellular-connected, sensing component devices.”

Altair was founded by former Texas Instruments executives CEO Oded Melamed, CTO Yigal Bitran, and VP of Marketing Eran Eshed.

By: JNS.org

Send Passover Packages to Needy Israeli Soldiers - Bring Them Joy!

We are honored to thank the young men and women of the IDF who risk their lives every day to protect the citizens of Israel. Since October 7th, soldiers have been on the battlefield for months - many are hoping to come home for Passover.

Join us in sending Passover food packages (and personal notes) to Israeli soldiers and their families.

Many soldiers spend the Passover holiday with needy families back home. The soldiers greatly appreciate your love and concern. Bring them Passover joy!

CLICK HERE TO SEND YOUR PACKAGE AND NOTE TO ISRAELI SOLDIERS!