Microchip Technology IncMicrochip acquires Hailo's edge AI processors, expanding its portfolio into compute-intensive AI workloads.
Microchip Technology announced a definitive agreement to acquire Hailo, a provider of accelerated edge AI processors, vision processing solutions, and robotics processors. The deal, expected to close in the current quarter, will expand Microchip's processing portfolio beyond microcontrollers, microprocessors, and FPGAs into compute-intensive AI workloads for robots, drones, smart cameras, and industrial automation. Hailo brings more than 100 existing customers and a developer community exceeding 10,000 users, complementing Microchip's Total System Solutions strategy and its growing AI development-tool portfolio. The acquisition aligns with Microchip's strategic focus on AI at the edge, one of five business pillars under its recent organizational realignment, and aims to reduce dependence on cyclical traditional embedded semiconductor markets.
Microchip Technology IncMicrochip acquires Hailo's edge AI processors, expanding its portfolio into compute-intensive AI workloads.
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Ambarella IncHailo's edge AI processors compete with Ambarella's vision SoCs; acquisition strengthens Microchip as a rival.
Hailo is being acquired by Microchip, providing an exit for investors.