Announced
Financials
Tags
Friendly
Majority
Software
Switzerland
Acquisition
Single Bidder
Private
Pending
AI software
Cross Border
Synopsis
STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, agreed to acquire Cartesiam, an edge AI software specialist. Financial terms were not disclosed. "Using artificial intelligence to create ever smarter solutions is one of the priorities of our customers regardless of their size or industry. With STM32Cube.AI, STMicroelectronics already offers the ability to map and run pre-trained artificial neural networks on our broad portfolio of STM32 microcontrollers. The addition of Cartesiam’s machine learning technology to STMicroelectronics' existing solutions will provide the best edge-AI solution portfolio on the market for any customer looking to bring additional innovation to their offering," Claude Dardanne, STMicroelectronics President.
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