nVidia purchases Icera for $367m

Company now owns two main processors used in smartphones

Tags: Mergers and acquisitionsNVIDIA CorporationWiFiWireless technology
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nVidia purchases Icera for $367m nVidia has acquired wireless modem innovator, Icera for $367m.
By  Georgina Enzer Published  June 15, 2011

nVidia has completed its $367m cash acquisition of Icera, one of the leading innovators in wireless modems for 3G and 4G cellular phones and tablets.

Icera is now a wholly owned subsidiary of nVidia operating under the Icera trade name.

With the acquisition of Icera, nVidia will now offer the two main processors used in smartphones; the applications processor, in the form of the nVidia Tegra super chip, and the baseband processor, based on Icera technology.

According to nVidia, the combined offerings will now help OEM customers improve time to market and approximately double nVidia's revenue opportunity within each mobile device.

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