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

XFX releases Radeon RX 460 video card with passive cooling

XFX releases Radeon RX 460 video card with passive cooling

AMD’s Radeon RX 460 video card does not come with the most powerful hardware there is and this is the reason why the card needs relatively little power. Add to this the power-efficient 14 nm Polaris 11 GPU and you start to think of a passively cooled Radeon RX 460 video card. XFX has gotten...

WD and NEC Collaborated to Promote SuperSpeed USB 3.0 Standard With New Storage Interface Technology

WD , the world's leader in external storage solutions, and NEC Electronics Corporation , a leading provider of semiconductor solutions, today announced that the companies have collaborated to promote the new SuperSpeed Universal Serial Bus (USB) 3.0 standard, a next-generation interface to be...

Panasonic Announces Their New iPOD D-Dock Stereo System

Panasonic announce two new iPod D-docks - the SC-HC3 and the SC-HC4, which works with IPod music players, including iPod touch. Both has CD players, AM/FM radio tuner, 2.6-inch bamboo fiber speakers with a 40W stereo amplifier, can play AAC, WMA, MP3 from SD cards and is able to record CD to...

Leave a comment