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Intel acquires German network chip manufacturer Lantiq on
Intel has acquired for an undisclosed sum Lantiq, a company that manufactures chips for networking equipment. The acquisition Intel wants to strengthen its position in the market for Internet of Things applications.
Lantiq, which is located in Munich, is among other chips for DSL gateways, fiber optic modems and LTE gateways, but also provides WiFi and Ethernet hardware in various integrated network products, such as AnyWan platform. This hardware is, along with the necessary software, mainly sold to OEMs, carriers and manufacturers of modems and set-top boxes.
Intel on Monday let know to have taken over the German company. The chip manufacturer does not specify how much was paid for Lantiq, but Intel does indicate that it wants to merge its operations in cable modem technology with the new German business.
With the acquisition, Intel wants to strengthen its market share in the fast growing market for Internet of Things applications. Gateway devices are expected in the coming years play an increasingly important role in ‘smart homes’ because the network is a key conduit for various devices and sensors that require an Internet connection.Viewing:-192
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