Cirrus Logic (CRUS) received a research and development grant from Scottish Enterprise to support smart energy technology and expand advanced engineering in Scotland, according to a Thursday statement.
Financial details were not disclosed.
Cirrus Logic said the funding will support the development of a platform that will deliver energy measurement and metrology calculations for smart power metering applications.
The project is expected to run through 2028, the company added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.