Hailo

Microchip Plans Acquire Hailo to Expand Edge AI

Microchip Technology has agreed to acquire Hailo to expand its edge AI and vision-processing capabilities, with completion expected by the end of the September quarter, bolstering its position in robotics and industrial automation. The deal follows notable insider selling of about $14.8 million over the past three months and a dip in Microchip’s stock after the announcement, reflecting market scrutiny of the transaction and valuations.