LONDON – Qualcomm has bought 4G modem chip company Sandbridge Technologies Inc., according to Will Strauss, president and principal analyst with Forward Concepts (Tempe, Ariz.). The price paid is rumored to be about $55 million, Strauss said.
He pointed out that Qualcomm has not disclosed the deal because it considers the buy does not represent a material change to the company's financial situation.
Sandbridge (White Plains, New York) was founded in 2001 and was a fabless chip company that developed a "software defined" multicored processor design for baseband and multimedia processing in 3G and 4G handsets. According to Strauss the architecture appeared powerful enough to handle LTE but the company failed to get a significant design win to drive volume for the chip, even though the company was backed by Samsung.
Strauss said that it is thought that the purchase price is mainly for patents and intellectual property and with no plans to carry the product line forward.
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