Altair Semiconductor spins off from Sony Semiconductor Solutions
Altair Semiconductor is now an independent company, following a strategic spinoff from Sony Semiconductor Solutions Corporation. Its independence is bolstered by a funding round of $50 million, led by Pitango Group. Sony will remain a shareholder.
Nohik Semel, CEO, Altair Semiconductor, explained: “As an independent company, we can move faster and respond more flexibly to rapidly changing market dynamics. We are fully committed to leading the industry’s transition from 4G to 5G IoT.”
This transition will enable Altair to operate with greater speed and focus on IoT and physical AI. Altair’s chipsets power the largest share of the world’s cellular smart metres and are leading the LTE-M market in smart cities, energy grids, logistics, vehicle asset trackers, and sports wearables. Altair’s technology is essential to the Physical AI revolution, seamlessly connecting the physical world: machines and robots to the Cloud and between themselves anywhere across the globe, and connecting AI-powered wearables and consumer devices that require ultra-low power, continuous connectivity.
Altair recently outlined its vision for 5G eRedCap as the foundation for next-generation IoT, with the ALT1550 modem currently in advanced silicon testing. The company’s roadmap reflects its commitment to delivering cost-efficient, power-efficient solutions built for a 20-year device lifespan.
“Sony believes in Altair’s technology leadership and its critical role in the IoT ecosystem. Our continued support reflects our confidence in the team and their ability to deliver innovative connectivity solutions for the global market. Operating as a standalone company will drive innovation and enable faster execution,” said Antonio Avitabile, Managing Director, Corporate Alliances, Sony Semiconductor Solutions Europe, at Sony Group.
Altair Semiconductor will continue to support and expand its existing customer base, ensuring a seamless transition for partners worldwide.
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