Microchip Technology signs definitive agreement to acquire Hailo

US-based Microchip Technology is acquiring Israeli AI chip company Hailo to expand its portfolio of power-efficient edge AI solutions. The acquisition will add Hailo's AI accelerators (Hailo-8, Hailo-10, Hailo-15) to Microchip's existing offerings, targeting applications like robotics, drones, smart cameras, and industrial automation.

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