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Sony acquires Altair Semiconductor, Israeli innovator of LTE modem chip technology

Sony Corp. has reached an agreement with Altair Semiconductor and its major shareholders to acquire the company. The purchase price is $212 million (approximately 25 billion yen), and Sony expects to complete the acquisition in early February 2016. 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.


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