AUG 04, 2022
Enterprise IoT Insights
Tech truce, vendor tussle, new era, smart play – analysis of the Semtech, Telit deals
The IoT hardware market has, suddenly, shrunk – in order to expand, and to rebalance the western power-play. So say market watchers, reacting to the twin acquisitions this week by US-based chipmaker and Semtech, which has confirmed a deal to splurge $1.2 billion on Canadian outfit Sierra Wireless, and Italian-American IoT module maker Telit, which has agreed a share-exchange for the IoT assets of French industrial firm Thales.