logo
Plus   Neg
Share
Email

CEVA To Acquire Hillcrest Laboratories Business From InterDigital - Quick Facts

CEVA, Inc. (CEVA) announced Monday the acquisition of the Hillcrest Laboratories, Inc. business from InterDigital, Inc. (IDCC). Hillcrest Labs is a leading global supplier of software and components for sensor processing in consumer and IoT devices.

CEVA is the leading licensor of signal processing platforms and artificial intelligence processors for smarter, connected devices, while Hillcrest Labs is a leading global supplier of software and components for sensor processing in consumer and IoT devices.

The acquisition extends CEVA's smart and connected technology portfolio with highly complementary sensor processing technologies that have powered more than 100 million devices. It includes the Sensor Fusion software from Hillcrest.

CEVA said it will provide further details of the transaction and related financial information during its second quarter 2019 earnings conference call, scheduled for August 8, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Stage Stores, Inc. (SSI) hit a new 52-week high of $6.74 today, which is a giant leap forward for a stock that was perilously close to delisting just a few months ago. The stock has been experiencing positive momentum, after raising expectations for fiscal 2019. Amazon founder and Chief Executive Jeff Bezos said his company will continue to support the U.S. Department of Defense, noting that the U.S. will be in "big trouble" if big technology companies stop working with the Pentagon. "We are going to support the Department of Defense, this country is important," Bezos said at the annual Reagan National Defense Forum in Simi Valley, California. Surly Bikes recalled 5,139 units of Surly front bicycle racks for possible crash and injury hazards, a statement by the U.S. Consumer Product Safety Commission showed. The company said the front bicycle rack can loosen and contact the front wheel, resulting in crash and injury hazards to the rider.The recall involves Surly 8-pack racks and Surly 24-pack front bicycle racks and Pack Rat bicycles.
RELATED NEWS
Follow RTT
>