Ceva acquires Hillcrest Labs from InterDigital.

Ceva, a leading manufacturer of sensors and signal processing equipments, acquires Hillcrest Laboratories, a leading global supplier of software and components for sensor processing in consumer and IoT devices from InterDigital. Financial terms were not disclosed. "We are truly excited to welcome the Hillcrest Labs team to CEVA. Their unrivalled expertise in sensor processing and innovative sensor fusion technology, as well as proven track record of high-volume shipments align perfectly with our diversification strategy in the smart sensing domain. This acquisition presents opportunities for multiple royalty growth vectors." Gideon Wertheizer, Ceva CEO.