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The latest update is out from Nordic Semiconductor ASA ( (GB:0FF9) ).
Nordic Semiconductor has acquired Memfault Inc., a leading cloud platform provider, for USD 120 million. This strategic acquisition supports Nordic’s growth strategy by enhancing its capabilities to offer a complete solution for connected products, integrating Memfault’s cloud services with its existing hardware offerings. The move is expected to strengthen Nordic’s market position by providing a full-stack solution that improves product lifecycle management, security, and performance, ultimately benefiting its customers by allowing them to focus on innovation.
The most recent analyst rating on (GB:0FF9) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Nordic Semiconductor ASA stock, see the GB:0FF9 Stock Forecast page.
More about Nordic Semiconductor ASA
Nordic Semiconductor ASA operates in the semiconductor industry, focusing on ultra-low power wireless connectivity solutions. The company is transitioning from a hardware-centric model to offering comprehensive solutions that integrate hardware, software, tools, and services, aiming to simplify development and accelerate time-to-market for connected products.
Average Trading Volume: 742,218
Current Market Cap: NOK26.15B
Find detailed analytics on 0FF9 stock on TipRanks’ Stock Analysis page.