Cypress Semiconductor today acquired the internet of things business of Broadcom in an all cash deal of $550 million. The chipmaker will part away with its entire IoT business, customers and assets to Cypress in the deal that was announced in April this year but was closed today. In terms of products, Cypress acquired Broadcom’s WiFi, Bluetooth and ZigBee technology for IoT.
These technologies, combined with Cypress’s existing microcontroller (MCU), PSoC programmable system-on-chip, analog and memory products, provide customers with complete solutions for connected embedded systems in its 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, the company said in a statement.
“Cypress is now an IoT leader that can offer customers the industry’s most advanced wireless radios and the ability to design products and get to market faster with the support of our WICED SDK and developer ecosystem,” said Badri Kothandaraman, Executive Vice President of Cypress’s Data Communications Division, which now includes the IoT Business Unit.
“We are making world-class wireless radio technology used by top device manufacturers available to our broad, global customer base, adding to the versatility of our existing embedded solutions portfolio.”
Besides, Cypress is also playing a leadership role in some more industry verticals like automotive and radio products.
The Cypress wireless radio portfolio includes products based on advanced 40nm process technology, and the company is developing next-generation products on smaller, ultra-low-power technology nodes. This technology enables integration of multiple radios that will allow Cypress to expand its wireless combinations, including its Wi-Fi and Bluetooth offerings that are ideal for a broad range of IoT products.
“Our multi-protocol Wi-Fi and Bluetooth products provide exceptional system value to our customers,” added Kothandaraman. “We will continue to expand these offerings, and we will also look at ways to integrate our radios with our ARM-based PSoC programmable system-on-chip and MCU solutions, building on the success of our PSoC 4 BLE chips and EZ-BLE modules.”
Cypress now holds a leadership position in connected cars with more than a decade of delivering industry firsts, including the first Bluetooth and first Wi-Fi in vehicles. The Cypress portfolio is now the first to offer Wi-Fi-Bluetooth combinations to upgrade legacy Bluetooth audio with Internet connectivity, and it includes the first simultaneous 2.4-GHz and 5-GHz 802.11ac radios.