SAN JOSE, Calif. - Qualcomm Inc. continues to make a big splash at the Consumer Electronics Show in Las Vegas.
The San Diego-based company has made no less than five announcements. First, Qualcomm MEMS Technologies Inc., a subsidiary of Qualcomm, announced the culmination of months of collaboration with Taiwan’s Ministry of Economic Affairs (MOEA) to expand the manufacturing capacity of mirasol displays in Taiwan with the construction of a new fabrication facility in Longtan. The initial phase of the announced facility is expected to result in up to $975 million of investment by Qualcomm, and the facility is expected to be operational in 2012.
Qualcomm recently announced plans to build a plant in Taiwan.
Second, Qualcomm and Verizon Wireless announced that Qualcomm’s Snapdragon MSM8655 processor as well as Qualcomm’s MDM9600 LTE modem chipset will be used in a variety of new connectivity devices that take advantage of the Verizon Wireless 4G LTE Mobile Broadband network.
Third, Qualcomm and Duracell announced the signing of a non-binding letter of intent to explore the possibility of working together to develop an industry alliance that supports and promotes flexible coupling-based wireless power solutions to the consumer electronics industry.
Fourth, Qualcomm and Powermat Ltd. announced the signing of a non-binding Letter of Intent (LOI) to explore the possibilities of developing cutting-edge wireless power solutions.
And as expected, Qualcomm has entered into a definitive agreement to purchase Atheros for $45 per share in cash, representing a value of $3.1 billion. The deal creates a company with combined sales of $11 billion, based on revenues from 2009.