From CRN: Qualcomm said Tuesday that it has reached an agreement to acquire open-source hardware and software firm Arduino in a move to boost its edge business.
The San Diego-based chip designer said the move will build upon the recent integrations of its Edge Impulse and Foundries.io acquisitions, accelerating its strategy to “empower developers by facilitating access to its unmatched portfolio of edge technologies and products.”
Financial terms of the deal were not disclosed.
Qualcomm said the closing of the transaction, for which it did not provide a timeline, is subject to regulatory approval and other customary closing conditions.
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