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IoT Company Sold For $350 Million

ARM has acquired an Internet of Things (IoT) business called Apicalthat holds a lot of intellectual property and has a finger in connected vehicles, robotics, smart cities and security systems. ARM will pay $350m in cash for Apical, which specialises in computer vision technology. The purchase is seen as part of a long-term ARM strategy that includes securing the IoT and offering chip designs for IoT products.

Read the whole story at V3.co.uk »

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