QUALCOMM (QCOM) Agrees to Acquire Arduino

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 11 Best American Semiconductor Stocks to Invest In. On October 7, QUALCOMM Incorporated (NASDAQ:QCOM) announced its agreement to acquire Arduino, an Italian open-source hardware and software company.

This deal will help QUALCOMM Incorporated (NASDAQ:QCOM) support developers by providing access to an unmatched portfolio of edge technologies and products.

This acquisition follows QUALCOMM Incorporated’s (NASDAQ:QCOM) recent integrations of Edge Impulse and Foundries.io. These moves show that the company is committed to offering a full-stack edge platform that includes hardware, software, and cloud services.

With an aim to boost developer productivity across different industries, QUALCOMM Incorporated (NASDAQ:QCOM) will be looking to combine its leading‑edge processing, graphics, computer vision, and AI with Arduino’s community and easy-to-use and affordable tools.

Nakul Duggal, Group General Manager for Automotive, Industrial, and Embedded IoT at QUALCOMM Incorporated (NASDAQ:QCOM), said:

“With our acquisitions of Foundries.io, Edge Impulse, and now Arduino, we are accelerating our vision to democratize access to our leading‑edge AI and computing products for the global developer community.”

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational corporation that creates semiconductors, software, and services related to wireless technology. Its portfolio includes products for processors, modems, platforms, RF systems, and connectivity.

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Disclosure: None. This article is originally published at Insider Monkey.