Cypress officially closes Broadcom IoT wireless acquisition
Cypress has officially announced the closure of Broadcom’s wireless Internet of Things (IoT) arm.
The closure of the $550 million deal, announced back in May, ensures the latter boasts leadership in the consumer IoT market, a segment that includes wearable electronics and home automation solutions.
Cypress’s offering now includes 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 work in tandem with Cypress's existing microcontroller (MCU), PSoC programmable system-on-chip, analog and memory products.
Stephen DiFranco, senior vice president of the IoT Business Unit at Cypress and former general manager of Broadcom IoT, said: “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. 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.
“With Cypress's established track record as a supplier of MCUs, memories and Power Management ICs (PMICs) in the various segments these products represent, we are excited by the significant cross-selling opportunities now open to us,” DiFranco added.
Cypress’s wireless radio range features products based on advanced 40nm process technology and the company is developing advanced products on smaller, ultra-low-power technology nodes. This technology facilitates advanced integration with multiple radios that will allow Cypress to grow its wireless combinations, including its Wi-Fi and Bluetooth offerings that are well suited to a wide range of IoT products.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.
- » Consumer Reports warns IoT camera makers to improve their security
- » Apple, Amazon, Google, and Zigbee Alliance explore new smart home standard
- » Enterprise IoT and protecting against Bluetooth endpoint vulnerabilities: A guide
- » Gartner says global semiconductor revenues down 11.9% yearly – worse than own bleak estimates
- » Report: Global IoT chip market likely to grow to $38.61 billion by the end of the decade