NVIDIA has announced that they just completed the acquisiton of Icera, a company best known for developing 3G and 4G modems for mobile phones and tablets. It was a $367 million deal and NVIDIA now completely owns the Icera name.
NVIDIA paid $367 million for Icera
The acquisition means that NVIDIA has two kinds of processors to offer. The first is the well-known Tegra processor that’s used for mobile devices such as phones and tablets. The other product is the Icera-powered baseband processor. The acquired technology and expertise means that NVIDIA will able to offer a wider range of products in a more efficient manner to their OEM customers. NVIDIA is confident that this will open up a whole new domain to them and it should also help boost revenue further. NVIDIA has been in the news for their dual-core Tegra processors powering the latest line of Android tablets and phones.
Published Date: Jun 14, 2011 06:05 pm | Updated Date: Jun 14, 2011 06:05 pm