Microchip Technology said on 24 July it had signed a definitive agreement to acquire Hailo, an Israeli provider of edge AI processors, vision processing chips and AI software.
Why Microchip Technology Incorporated is buying Hailo
Microchip said the deal expands its processing portfolio for intelligent edge systems such as drones, robots, smart cameras and industrial automation, adding the Hailo-8, Hailo-10 and Hailo-15 product families, more than 100 customers and a developer community of over 10,000 users.
“The acquisition of Hailo accelerates Microchip's expansion into high-performance edge AI processing”
Deal terms and financing
Terms were not disclosed, and Microchip said the transaction was not expected to have a material impact on its financial results. Globes reported before the announcement that the deal was worth only tens of millions of dollars.
Regulatory approvals and timing
Microchip completed the acquisition on 21 September 2026, close to its target of the end of the September quarter.
Market context
Hailo was founded in 2017 and was once valued at more than US$1bn, according to Globes. Microchip previously bought Neuronix AI Labs to add neural-network optimisation for its FPGAs.
