Limerick start-up ChipSensors acquired by US firm in €10m deal

A THREE-year-old Co Limerick start-up firm has been acquired by a US company in a €10 million deal.

ChipSensors, a University of Limerick campus company, has been acquired by Austin-based Silicon Laboratories. ChipSensors develops single-chip sensors and its products are used to detect temperature, humidity and gases.

Silicon Labs will retain ChipSensors’ Limerick office and all its full-time employees.