More IoT consolidation as Semtech snaps up Sierra

IoT chip maker Semtech has struck a $1.2 billion deal to acquire IoT module specialist Sierra Wireless.
The transaction brings together the worlds of cellular IoT and non-cellular LoRaWAN, and comes just days after Telit scooped up Cinterion, Thales’ cellular IoT business.
While that deal was primarily about expanding Telit’s presence in various industrial IoT verticals, Semtech’s Sierra purchase is more about complimentary technologies. Semtech in recent years has been a big p