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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.
Tech · 7 sources · Jul 24, 2026Read itThe journal
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About Hailo
Hailo was a British technology platform that matched taxi drivers and passengers through its mobile phone application. Founded in London in 2011, the Hailo taxi service was available in 16 cities.
Everything about Hailo →- Country
- United Kingdom
- Headquarters
- London
- Inception
- 2011
- Website
- http://hailoapp.com/