News

Amazon buys itself some camera chip tech, claims report

February 28, 2018

Amazon has acquired a start-up, Immedia Semiconductor, which is responsible for Blink home security cameras, in what is described as a "secret bet" on energy efficient chips, according to a Reuters report.

Reuters reported the mega etailer has paid $90 million for the technology, which has potential to lower production costs and lengthen gadget battery life.

Amazon declined to comment, noted Reuters.