Silicon Labs to buy Sigma Designs (Z-Wave)

Silicon Laboratories Inc. has ridden a wave of interest in the internet of things to new highs over the past few years and now it’s making its biggest play yet in the sector: the Austin-based semiconductor company announced Thursday it has agreed to buy Sigma Designs Inc., maker of Z-Wave, a wireless communications technology underlying many web-connected home devices such as smart thermostats and smart alarms.

And even if the acquisition falls through, Silicon Labs said Sigma Designs has agreed to sell it the Z-Wave business for $240 million, as long as its shareholders approve.

Interesting news.