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Broadcom to buy LTE assets from Renesas

Posted: 06 Sep 2013     Print Version  Bookmark and Share

Keywords:Broadcom  LTE  Renesas 

Broadcom Corporation has acquired LTE-related assets from affiliates of Renesas Electronics Corporation for approximately Rs.982.04 crore ($164 million).

The acquisition is expected to accelerate availability of Broadcom's first multi-mode, carrier-validated LTE SoC platform into early 2014, the company said.

Broadcom is gaining a dual-core LTE SoC that is ready for volume production and is carrier-validated by global operators in North America, Japan, and Europe. Broadcom also receives high-quality multi-mode, multi-band, LTE-A/HSPA+/EDGE modem IP that includes support for features such as Carrier Aggregation and VoLTE.

"The acquisition adds quality patents and applications to Broadcom's IP portfolio and brings some of the world's most experienced cellular engineers to Broadcom."

"Today's transaction firmly establishes Broadcom's presence in the rapidly growing LTE market with a production-ready, carrier-validated SoC," said Scott McGregor, President and CEO of Broadcom. "Our LTE platform will leverage Broadcom's rich connectivity portfolio and will deliver an optimised feature set for this fast growing market."





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