Altair Semiconductor

Company Overview

Snapshot

Founded in January 2005 by Yigal Bitran, Eran Eshed, and Oded Melamed, Altair Semiconductor operates with 51–200 employees. The company has raised $174 million across 7 funding rounds from 9 investors. In April 2026, Altair Semiconductor completed a spinout from.

Business overview

Altair Semiconductor develops cellular IoT chipsets that provide low-power, secure connectivity for connected devices such as smart utility meters, asset trackers, wearables, vehicle telematics, smart-city infrastructure, home appliances, and industrial IoT systems. Its core product offerings include LTE Cat-M and NB-IoT platforms, specifically the ALT1250 and ALT1350, which integrate modem, RF, security, iSIM, and low-power processing capabilities. The company serves markets requiring cellular connectivity with reduced power consumption and smaller hardware footprints, operating within the Industrial Technologies sector, focusing on Microelectronics & Photonics Solutions and Chipsets.

Strategic signal

In April 2026, Altair Semiconductor completed a spinout from Sony Semiconductor Solutions, marking a significant strategic shift. This move, accompanied by initial funding led by Pitango Group, signals the company's renewed independence and potential for accelerated innovation and market expansion in the cellular IoT chipset space, particularly as it returns to operating under its original brand.

Company Intelligence Q&A

What was a significant recent corporate development for Altair Semiconductor?

In April 2026, Altair Semiconductor completed a spinout from Sony Semiconductor Solutions and returned to operating under its original name. This event was accompanied by initial funding led by Pitango Group.

When was Altair Semiconductor acquired by Sony Corporation?

Altair Semiconductor was acquired by Sony Corporation in January 2016.

What was a key partnership for Altair Semiconductor in August 2020?

In August 2020, Altair Semiconductor (then operating as Sony Semiconductor Israel) partnered with Skylo, a satellite communications startup, to develop and deploy cellular chipsets for geostationary satellite networks, aiming to scale manufacturing and deployment of Skylo Hubs.

Who was appointed CEO of Altair Semiconductor in November 2019?

In November 2019, Nohik Semel was appointed CEO of Altair Semiconductor, succeeding co-founder Oded Melamed. Semel had been with the company for 14 years and was instrumental in developing its LTE product portfolio.

What was Altair Semiconductor's collaboration with Polte in October 2019?

In October 2019, Altair Semiconductor collaborated with Polte to embed Polte's cellular-based location technology into its ALT1250 cellular IoT chipset, aiming to provide accurate location data for industrial and commercial IoT applications.