Sony to buy chip firm Altair to bolster its IoT business

JapanTimes of Israel — The latest multinational to take advantage of Israeli tech is Japanese conglomerate Sony – which is buying Hod Hasharon-based Altair Semiconductors, a developer of 4G (LTE) chips for devices. The deal, first reported early Thursday in Israeli business media, is said to be worth $220 million.

KT taps Altair for LTE CAT-1 chipset

KoreaTelecom Asia — Korea Telecom (KT) chose Altair Semiconductor’s FourGee-1160 Category 1 (CAT-1) chipset to provide ultra-low power LTE connectivity for three Internet of Things (IoT) use cases on a recent exhibit at the “KT Internet of Small Things” event in South Korea. Byungkyun Kim, VP of device business unit at KT, said Altair has the only CAT-1 chipset platform that is able to meet KT’s aggressive power and feature needs.