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Ex-Broadcom Unit to Shape Cypress IoT Future
Bluetooth -- an area of overlap
Junko Yoshida, EETimes
7/11/2016 12:34 PM EDT
MADISON, Wis. — Cypress Semiconductor Corp. last week closed the previously announced acquisition for $550 million of Broadcom’s Internet of Things business unit, in a move designed to establish Cypress as a wireless IoT processor powerhouse.
Details of the newly combined teams’ IoT technology/product plans won’t be available until the partners sort through which product lines to keep (or discontinue) among current IoT-related projects.
Despite a “little overlap” between the companies’ IoT products, those destined for a hard look will be Cypress’ Bluetooth products. Under the deal, Broadcom’s team has brought its own Wi-Fi, Bluetooth and Zigbee wireless technology.
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