Qualcomm puts $US300M price on Wilocity's head
Getting ready to slurp WiGig chipmaker and bring 7 Gbps wireless to mobile devices
Qualcomm is reportedly getting ready to acquire high-speed 60 GHz WiGig chip-maker Wilocity, according to a report out of Israel.
According to financial site TheMarker, the mobile silicon vendor is putting a $US300 million price tag on the acquisition (original here).
Qualcomm, along with Marvell Semiconductors, was part of an early raising of $US105 million in the company, which was established in 2007. Wilocity shipped its first commercial silicon in December 2012, and had a further raising of $US35 million in 2013. It says its shipped more than a million chipsets to PC manufacturers, with Dell among its key customers.
Founded by Intel alumni including Tal Tamir and CEO Danny Rettig, Wilocity ships chipsets for the IEEE 802.11ad standard published last year. The WiGig standard defines short-range wireless communications in the 60 GHz spectrum, with channels running at up to 7 Gbps.
In February, at Mobile World Congress, Wilocity announced its first smartphone chips. The Wil6300 chipset offers 4.6 Gbps connections, running at between 200 and 300 mW in operation, and are built on a 28nm process.
Neither company has confirmed the report, with TheMarker stating its information came from Wilocity staff. The report adds that Wilocity's 60 employees are expected to be moved to Qualcomm's research centre in Haifa. ®