(Bloomberg) -- Sony Corp. agreed to buy Altair Semiconductor Ltd. for $212 million, acquiring technology to power the next generation of smart appliances as the firm looks for growth beyond chips for smartphone cameras.

Altair, with modem chips for fourth-generation cellular technology, will help the company make component devices featuring both sensing and communication capabilities, Sony said in a statement Tuesday. Altair, based in Hod Hasharon, Israel, makes chipsets that can connect security systems, power meters and cars to the Web with the deal due to close next month.

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