Atmel acquires Newport Media for $140 million

(Reuters) - Touchscreen chipmaker Atmel Corp said it would buy Newport Media, a maker of low-power Wi-Fi and bluetooth gear, for $140 million to gain ground in a technology that helps connect everything through the Internet. Newport Media reported revenue of $43 million for 2013. Chipmakers and other companies are increasingly acquiring technologies to establish standards for a growing number of household devices like light bulbs, burglar alarms, thermostats and baby monitors that talk to each other. (Reporting By Lehar Maan in Bangalore)



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