Qualcomm to buy WiFi chip giant Atheros for $3.1B2011-01-05 10:48 by DanielaTags: Qualcomm, Wi-Fi, Atheros
Qualcomm agreed to purchase WiFi chipmaker Atheros for $3.1 billion, or $45 per share. San Jose-based Atheros is known for its innovations with WiFi chipsets. Earlier this year the company teamed with Wilocity to make WiGig-WiFi chips, and it also has been exploring ways to combine WiFi with powerline systems. The deal is the largest ever for Qualcomm, and is expected to close sometime in the first half of the year. The New York Times first reported on the tie-up late Tuesday. The acquisition would provide Qualcomm, the world's largest maker of cell phone chipsets, with a way to diversify beyond its core market into new growth areas such as tablets and smartphones, which require more processing power and must be able to connect via many different technologies besides cellular, such as WiFi, Bluetooth and GPS. The deal could also allow Qualcomm to compete more heavily with longtime rival Broadcom. Read more -here-
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