Microchip to acquire Hailo acquisition

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Microchip Technology ( MCHP ) said Friday it will acquire edge AI processor company Hailo in a deal expected to close by the end of its September quarter. Financial terms were not disclosed. Microchip said the acquisition is not expected to have a

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Microchip (MCHP) will acquire Hailo, an edge AI processor company, by the end of September. Financial terms of the deal were not disclosed. The acquisition is seen as strengthening Microchip's competitiveness in the semiconductor market.

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