ALTAIR SEMICONDUCTOR OPENS IOT INNOVATION R&D CENTER IN FINLAND

Leading Chipset Maker and IoT Driver Expands Global Operations with First European Research & Development Facility

HOD HASHARON, Israel – November 21, 2016 – Altair Semiconductor (altair-semi.com), a leading provider of LTE chipsets, today announced the opening of a new research and development (R&D) center in Oulu, Finland. The new center will focus on the development of core LTE IoT technology, tapping into the considerable resources of the northern city known for its expertise and market leadership in wireless communication technologies.

This venture follows last year’s establishment of a R&D center in Taiwan, and will be Altair’s first major European installation.

“Finland is the ideal location to begin Altair’s expansion into Europe, given the country’s significant IoT, connectivity and general innovation talent,” said Oded Melamed, CEO of Altair. “We see this move as strategic to growing our research and development capabilities.”

Altair’s portfolio includes chipsets that support a wide range of LTE categories and use cases – from cutting edge, high-speed broadband to ultra-low power, IoT applications. The company’s connectivity solutions are commercially deployed on the world’s most advanced LTE networks, including Verizon Wireless, AT&T, Softbank and KT (Korea Telecom), and its customer roster includes leading global module makers, OEMs and ODMs.