Mergers and Acquistions News
Categories: Software
May 10th 2011, 13:49PM
Visual computing company Nvidia has agreed to acquire mobile chipmaker Icera in a deal worth $367 million (£224 million).
The deal will see the company enter the competitive market for broadband or radio chips, which help mobiles connect to a network, and will step up competition against established smartphone chip leader Qualcomm Inc and Intel Corp.
It follows the company's move into the mobile chip market last year, after its work with graphics chips with design wins for several of its projects, Reuters reported.
Bosses at Nvidia are now hoping that this acquisition will help it double the revenue it can make from every mobile device.
Last month Liverpool-based company Playbox announced that it would be helping Nvidia advance into the android market, after launching a new team dedicated to developing games for super phones and tablets powered by the Nvidia Tegra chip.
Ashu Rege, Vice President of Content and Technology at NVIDIA, said: "Our top priority is bringing the best console-quality games and content to Android devices."
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