Sony Corporation announced today that it will acquire Altair Semiconductor for $212 million. Founded in 2005 by three former Texas Instrument executives, Israel-based Altair makes chips that connect devices to LTE and its technology will help develop Sony’s Internet of Things business. In addition to smartphones, LTE is also used to connect objects in the Internet of Things, including fitness trackers, home appliances, and sensors . Right now, most smart things use bluetooth, and sometimes Wi-Fi, to get online because neither standard requires a lot of power. LTE, however, is emerging as an alternative because it is also low-power but can be used to connect many devices at once, making it a good option for enterprise use cases. Devices can also use existing LTE infrastructure, including networks owned by carriers, making it cost-effective to deploy.