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Laser and machine supplier TRUMPF and semiconductor manufacturer STMicroelectronics are entering into a partnership in the field of ultrawideband (UWB) positioning technology. Per an agreement between the companies, STMicroelectronics will acquire TRUMPF’s majority stake in BeSpoon, a developer of UWB systems.
STMicroelectronics will also pick up all remaining shares. Financial terms of the agreement have not been disclosed.
“This partnership will enable us to expand TRUMPF’s pioneering role in localization systems for industry. As well as laying the foundations for our next-generation products, it will also strengthen our role as a system provider,” said Peter Leibinger, chief technology officer at…READ MORE