Irish start-up company ChipSensors Ltd has been acquired by Silicon Laboratories Ltd.
The Limerick-based early stage technology company, that creates single-chip sensors designed to detect temperature, humidity and gasses, formed in 2006, has been acquired by the Texas-based Silicon Laboratories for an undisclosed fee.
“Joining forces with Silicon Labs provides us with an exceptional opportunity to both collaborate with a team that has a reputation for the highest calibre mixed-signal engineering and potentially grow the design team in Ireland to take advantage of the strong local technical talent,” said Tim Cummins, CEO and founder of ChipSensors in a press release.
“In addition to a strong alignment with Silicon Labs’ existing sensor-related R&D efforts, ChipSensors’ technology also offers synergy with our existing MCU and wireless products, targeting similar end-market applications and therefore enabling more content per system and unique integration opportunities,” said Mark Downing, vice-president of corporate strategy and business development for Silicon Laboratories, US.
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