Sony Corp. has reached an agreement with Altair Semiconductor and its major shareholders to acquire the company. The purchase price is $212 million (approximately 25 billion yen), and Sony expects to complete the acquisition in early February 2016. Altair, an Israel-based company, owns modem chip technology and related software for LTE (Long Term Evolution), a 4G cellular standard for mobile devices. Altair develops and sells products focused on LTE technology, and its modem chips stand out for their low power consumption, high performance and competitive cost.
