Infineon Acquires Swedish Machine Learning Startup
16 5월 2023 - 4:46PM
Dow Jones News
By Mauro Orru
Infineon Technologies said it acquired Stockholm-based startup
Imagimob AB in a deal that bolsters the German chip maker's
standing in the fast-growing machine learning and artificial
intelligence markets.
Infineon made the announcement on Tuesday, though both parties
agreed not to disclose financial details.
"Artificial intelligence and machine learning respectively are
about to largely enter every embedded application and thus enable
new functionalities," said Thomas Rosteck, president of Infineon's
Connected Secure Systems division.
"With Imagimob's outstanding platform and its expertise in
developing robust machine learning solutions for edge devices, we
further strengthen our ability to enable new levels of control and
energy efficiency on our products while preserving privacy," he
said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 16, 2023 03:31 ET (07:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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