ARM has acquired an Internet of Things (IoT) business called Apical that holds a lot of intellectual property and has a finger in connected vehicles, robotics, smart cities and security systems.
ARM will pay $350m in cash for Apical, which specialises in computer vision technology. The purchase is seen as part of a long-term ARM strategy that includes securing the IoT and offering chip designs for IoT products.
"Computer vision is in the early stages of development and the world of devices powered by this exciting technology can only grow from here," said Simon Segars, CEO at ARM.
"Apical is at the forefront of embedded computer vision technology, building on its leadership in imaging products that already enable intelligent devices to deliver amazing new user experiences.
"The ARM partnership is solving the technical challenges of next-generation products such as driverless cars and sophisticated security systems. These solutions rely on the creation of dedicated image computing solutions, and Apical's technologies will play a crucial role in their delivery."
Apical is described as a "highly successful imaging technology IP business", and ARM said that the company's technology is present on some 1.5 billion smartphones.
Naturally, the acquired company had something to say, even if it didn't add much. "Apical has led the way with new imaging technologies based on extensive research into human vision and visual processing," said CEO and founder Michael Tusch.
"The products developed by Apical already enable cameras to understand their environment and to act on the most relevant information by employing intelligent processing.
"These technologies will advance as part of ARM, driving value for its partners as they push deeper into markets where visual computing will deliver a transformation in device capabilities and the way humans interact with machines."
Users are told that their non-existent 'iPhoneID' is expiring soon
Expansion of SDK intended to expand Amazon Alexa ecosystem
Locky returns from a prolonged rest with two new variants
AMD lambasted over Radeon RX Vega pricing that will add an extra £100 to RX Vega 56 and 64 graphics cards
Company accused of failing to tell anyone that the launch prices were only introductory offers