DALLAS -- Texas Instruments Inc. has racked up yet another acquisition agreement.
Today, TI announced it will buy privately held Dot Wireless Inc., a supplier of code division multiple access (CDMA) technology for third-generation (3G) cellular phones and other wireless devices. As part of the acquisition, TI said it plans to set up a new wireless unit in San Diego to increase its emphasis on digital signal processing applications in 3G systems.
Under the terms of the acquisition agreement, TI will exchange stock valued at $475 million for Dot Wireless. The purchase is expected to be completed by the end of the third quarter, according to the Dallas company.
The move comes after TI announced plans to buy analog chip maker Burr-Brown Corp. in Tucson, Ariz., for $7.6 billion in stock (see June 21 story) and wireless chip supplier Alantro Communications in Santa Rosa, Calif., for $300 million in stock (see June 23 story).
Dot Wireless develops and markets 3G wireless CDMA-based technologies, software and transceiver reference designs that enable companies to quickly design products which converge data and wireless communications, according to TI. The acquisition will play into TI's efforts to offer programmable DSP and analog solutions for so-called 2.5-generation and 3G wireless standards, including IS-2000.
"Dot Wireless's expertise brings even more strength to TI's 3G wireless offerings," said Gilles Delfassy, TI vice president and manager of worldwide wireless communications. "Dot Wireless brings expertise in both IS-2000 and Wideband-CDMA and will support TI's development of technologies for both standards."
Dot Wireless employs 75 workers, and it will become a part of TI's wireless group once the purchase is completed.