NVIDIA to acquire UK-based company Icera for $367 million in cash
It was announced yesterday in a press release that NVIDIA will acquire baseband and RF technology “leader” Icera. Even though it might not be a very well-known name, Icera reportedly has more than 500 patents and its wireless products are currently being used by more than 50 carriers. Based in Bristol, England, this company employs about 300 professionals in seven countries. Its Livanto chipsets are claimed to deliver “industry’s fastest data rates”. With this acquisition, NVIDIA apparently plans to strengthen and further develop its presence on the mobile chip market.
The Tegra chipset, which incorporates a low power CPU and high-performance graphics controller, has been a success with a number of big players such as Acer, Samsung, LG and Motorola selling Tegra-based products. NVIDIA’s President and CEO Jen-Hsun Huang was quoted as saying: “This is a key step in NVIDIA’s plans to be a major player in the mobile computing revolution.”… “Adding Icera’s technology to Tegra gives us an outstanding platform to support the industry’s best phones and tablets.”
According to the press release, Icera will receive $367 million in cash. Supposedly, the UK company has been collaborating with the GPU giant for several years with Stan Boland, CEO of Icera, stating that the Tegra processor “has the most impressive roadmap in the industry”. Furthermore, reports indicate that this deal would inevitably enable the English company to reach a broader market.