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

Windows 8 to keep track of your PC software usage

Here’s a new rather controversial feature of the upcoming Windows 8 OS – every time you install a program Windows 8 will connect to Microsoft servers and will report to the company what you have installed. Sounds like Big Brother, right? Indeed so. Microsoft however says the...

Nokia E75 begins shipping

The Nokia E75 has arrived in stores, bringing the company's best efficiency and productivity solution to the market. The new arrival is the first device to ship with the new email user interface, offering full desktop email functionality, and complete integration of Nokia's email and messaging...

Perfect Braid Hairdresser

Perfect Braid Hairdresser

Perfect Braid Hairdresser is a simple game designed for young girls who love playing with hair. The game is free and can be downloaded right away without any fuss. The goal of the app is rather simple – select a hairstyle and then follow the procedure to re-create this hair style on a virtual...

Leave a comment