Renesas Electronics to Acquire Wireless Modem Business of Nokia

NokiaThe premier supplier of advanced semiconductor solutions, Renesas Electronics Corporation and the world leader in mobile communications, Nokia Corporation, announced that they are forming a strategic business alliance where the two companies have entered an agreement whereby the Wireless Modem Business of Nokia will be acquired by Renesas Electronics for 200 million USD in order to develop modem technologies for Evolved High-Speed Packet Access and Long-Term Evolution.

The alliance will be enhanced by long term joint research cooperation on future radio technologies.

All of these events will enable Renesas Electronics to maximize the value of the Nokia Technology assets and to deliver a complete mobile platform solution to the market. They will also strengthen their position as one of the leading chipset vendors in the LTE and 3G market.

“The agreement with Nokia demonstrates our long-standing commitment to shape the future of advanced mobile platforms and will serve as an important step for us to become a leading mobile platform vendor in the global market. Our collaboration with Nokia will enable consumers to enjoy true mobile cloud computing experiences through our advanced high-speed mobile devices,” said Yasushi Akao, President of Renesas Electronics Corporation. “In line with our ongoing efforts to strengthen our business structure, the transferring wireless modem technology and the innovation power and expertise of Nokia’s employees will perfectly complement our core competences and serve as the key driving forces in growing our mobile business in the global market.”

“Wireless modems are an integral part of today’s chipset solutions, and we believe that Renesas Electronics, as one of the key chipset vendors in the market, is in an ideal position to further develop this offering. The alliance enables us to continue to focus on our own core businesses, connecting people to what matters to them with our mobile products and solutions,” says Kai Oistamo, Executive Vice President, Nokia.

Related posts

HP stirs gaming with the Omen gaming notebook

HP stirs gaming with the Omen gaming notebook

The holiday season is just around the corner and as you know it combines time for presents with time for gaming in a unique way. HP knows this as well and this is why the acclaimed company has prepared a new gaming notebook – meet the HP Omen. Do we need to tell you then that the HP Omen...

Qualcomm’s Snapdragon 830 will be a powerhouse

Qualcomm’s Snapdragon 830 will be a powerhouse

Qualcomm’s Snapdragon 820 SoC is one of the finest smartphone processors money can buy right now. The chip comes with four Kryo cores, Adreno 530 graphics, and support for LTE and 25 MP cameras. As you can see the chip has everything it will need to run modern mobile apps. The days of the...

Sprint’s upgrade to LTE may mean end of unlimited data

Sprint, one of the major US carriers, has used its unlimited data plan for years as a way to differentiate itself from other large US carriers. Unfortunately, this plan now enters a new stage where it is not known if it will survive. The problems of Sprint do not end here however. Sprint...

Leave a comment