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RFMD agrees to sell Bluetooth assets to Qualcomm

Posted: 06 Dec 2006     Print Version  Bookmark and Share

Keywords:RFMD  Qualcomm  Bluetooth  CDMA 

RF Micro Devices Inc. (RFMD) has agreed to sell the majority of its Bluetooth assets to Qualcomm for Rs.177.53 crore ($39 million).

Under the agreement, Qualcomm will acquire the majority of RFMD's Bluetooth assets, including intellectual property related to RFMD's SiW1722 and RF4000 series. From a product standpoint, RFMD will retain and continue to support its CDMA products SiW1712 and SiW1721, as well as its SoC Bluetooth products, the SiW3000 and SiW3500. These products represent the majority of RFMD's Bluetooth product revenue to date.

"The sale of these assets marks the first time the companies have worked together on this scale," said Jerry Neal, executive VP of marketing and strategic development, RFMD. "We are pleased our long-term relationship with Qualcomm continues to evolve. In addition, we look forward to continuing our support of current Bluetooth customers and will work to ensure they receive the same superior service."

Meanwhile, RFMD expects the transaction will increase its focus on its high-growth wireless business opportunities, including cellular transceivers, cellular power amplifiers, WLAN power amplifiers, GPS components and GaN high-power amplifiers.

"The sale of these Bluetooth assets to Qualcomm will enable RFMD to accelerate its expansion into new markets while streamlining its world class cost structure," said RFMD president and CEO Bob Bruggeworth. "RFMD also looks forward to working with Qualcomm with products complementary to their portfolio such as cellular PAs and WLAN front-end modules."

Behrooz Abdi, senior VP and general manager, Qualcomm CDMA Technologies said, "We are pleased to be working with RFMD on this transaction and look forward to enhancing the momentum and relationship between the two companies. As with all of our development partners, Qualcomm looks forward to increased opportunities and a mutually beneficial relationship with RFMD."

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