British chip maker ARM has announced that it has acquired Apical, an imaging and embedded computer vision company. The deal, worth $350 million in cash, was closed on Tuesday, May 17, the company said. Apical’s products are used in smartphones everywhere (1.5 billion, according to ARM), and in 300 million other devices, all over the world, including IP cameras, digital cameras and tablets. After the acquisition, its products will be used in ARM’s "next generation vehicles", security systems, robotics, mobile and other consumer, smart building, industrial or retail application. These devices will be able to "understand and act intelligently on… [Continue Reading]
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