Cypress Semi completes wireless IoT purchase
Cypress paid $550 million (cash) for theWireless Internet of Things (IoT) business and related assets of Broadcom, and says it can now offer Wi-Fi, Bluetooth, and ZigBee IoT product lines, along with supporting intellectual property and the WICED brand Software Development Kit (SDK), developer ecosystem and community.
These technologies, combined with Cypress’s existing microcontroller (MCU), PSoC programmable system-on-chip, analog and memory products, amount to, “complete solutions for connected embedded systems in [Cypress’] key automotive and industrial markets. The low-power products also position Cypress as a leader in the high-growth consumer IoT market, a segment that includes wearable electronics and home automation solutions.”
“When it comes to supporting customers in the fast-growing IoT market, there is no one-size-fits-all approach; you need a scalable platform that allows for innovation,” said Stephen DiFranco, Senior Vice President of the IoT Business Unit at Cypress and former General Manager of Broadcom IoT in a statement. “WICED delivers a uniquely scalable ecosystem of module makers, value-added resellers (VARs), technology partners and ODMs to developers, along with the ability to quickly customize solutions for everything from connected cars to industrial automation equipment to wearables to smart home appliances.”
Cypress Semiconductor; www.cypress.com and www.cypress.com/welcome-iot
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Cypress buys Broadcom’s wireless IoT business
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