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Acquisitions
6 Months Ended
Jun. 29, 2019
Acquisitions

6. Acquisitions

Z-Wave

On April 18, 2018, the Company completed the acquisition of the Z-Wave business from Sigma Designs, Inc. for $243 million in cash. Z-Wave is an Internet of Things (IoT) technology for smart home solutions. This strategic acquisition expanded the Company's IoT connectivity portfolio in the connected home market, while further scaling the Company's engineering team.