By Peter Clarke
Low-power wireless chip company Nordic Semiconductor (Trondheim, Norway) has acquired Memfault Inc. (San Francisco, Calif.) for $120 million in cash on a debt-free basis.
Memfault was founded in 2018 and has built up business providing over-the-air observability processes for connected embedded devices. It had annual revenue of $7.2 million in 2024, and said it expects this to increase by 50 percent in 2025.
The move helps migrate Nordic Semiconductor from being a fabless chip company into a hardware, software, and cloud-services company.
Nordic said it will integrate Memfault’s capabilities across its complete product portfolio and into its existing nRF cloud services platform. The product portfolio includes wireless MCUs, Bluetooth, Wi-Fi and 2.4GHz ISM band transceivers.
Nordic said that Memfault will continue to support every IoT device maker, including all existing Memfault customers, regardless of their choice of hardware.
“Together, we enable thousands of customers to continuously interact with millions of devices in the field,” said Vegard Wollan, CEO of Nordic Semiconductor, in a statement. “By combining Nordic’s ultra-low power wireless connectivity solutions with Memfault’s cloud services, we are making it faster, simpler, and more secure to develop, maintain, and improve connected products through their entire lifecycle.”
Nordic argues that IoT nodes will become increasingly intelligent with the addition of edge AI and will require security standards to evolve under frameworks such as the EU Cyber Resilience Act. The combination of Nordic and Memfault prepares the way for product developers to stay ahead of industry and regulatory expectations, the company said.
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Peter Clarke is a veteran reporter and analyst covering the global electronics industry. He is a regular contributor to TechSplicit from his base in the United Kingdom.
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