SiLabs buys Touchstone for $1.5million, aims for IoT market growth
Silicon Labs has acquired Touchstone Semiconductor, an early stage power management technology company, for $1.5million.
Touchstone's portfolio includes a number of low power analogue IC products and technologies, which SiLabs believes will complement its embedded portfolio of energy friendly microcontrollers, wireless products and sensors for the Internet of Things (IoT) market.
Company ceo Tyson Tuttle, pictured, said: "As the IoT market expands exponentially, developers require an ever widening array of low power MCUs, wireless ICs, sensors and power management technologies for battery powered end nodes.
"IoT end node designs require the utmost in energy efficiency to maximise battery life without compromising performance. This asset purchase adds valuable energy saving analogue technology and products to enhance our embedded portfolio for the IoT."
