Nordic announces acquisition of AI/ML technology

August 17, 2023 /SemiMedia/ — Nordic Semiconductor lately introduced that it has entered into an settlement to amass the IP portfolio of US-based synthetic intelligence and machine studying firm Atlazo. The settlement, at an undisclosed sum, consists of employment agreements with Atlazo’s core crew of eight folks. 

Atlazo, primarily based in San Diego, is a expertise chief in synthetic intelligence and machine studying (AI/ML) processors, sensor interface design and vitality administration for tiny edge units. The acquisition will additional strengthen Nordic’s main place within the growth of low-power merchandise and options for IoT and speed up ongoing strategically necessary growth initiatives. 

Nordic’s acquisition of the Atlazo IP and crew offers Nordic possession of leading edge AI/ML expertise, superior sensor entrance finish expertise for health-related purposes, and on-device expertise permitting any computing processor to function on the lowest potential vitality level for a given process. 

The rising significance of edge units has led to a bigger demand for extra computing energy, superior providers, and intelligence on the community edge. To fulfill these calls for, Nordic intends to leverage Atlazo’s hyper-low-power AI/ML processor expertise in future SoCs, enhancing the corporate’s market choices throughout lots of the market verticals Nordic operates in and throughout the corporate’s expertise providing. With the mixing of Atlazo sensor applied sciences for well being purposes, Nordic can higher serve the increasing good well being markets, together with optical coronary heart monitoring, steady glucose monitoring, and different wearable applied sciences.

“This brings a brand new degree of always-on AI/ML capabilities and applied sciences that can strengthen our core enterprise and proceed to develop our market alternative in step with our progress technique,” stated Nordic EVP Technique and Product Administration Kjetil Holstad.

”Whereas it is a small bolt-on acquisition for Nordic, we contemplate it to be strategically important. Including this group of extremely skilled engineers and their mental property is a superb match with Nordic’s ongoing product growth. We're assured that this integration will speed up our progress in direction of extremely low-power AI/ML, and anticipate that we are going to start to see the preliminary advantages of this acquisition inside 12-18 months of closing the transaction.” stated Svenn-Tore Larsen, CEO at Nordic Semiconductor.

The acquisition covers all IP and sure different belongings of Atlazo, and the situation in San Diego will change into Nordic’s third R&D website within the US. Nordic earlier this 12 months accomplished the acquisition of Cellular Semiconductor in Seattle, and in addition has an workplace in Portland, Oregon.

The transaction depends on regulatory approval, and completion of the transaction is anticipated by the tip of 2023.