LONDON – Fabless consumer chip company MediaTek Inc. (Hsinchu, Taiwan) plans to buy Coresonic AB (Linkoping, Sweden), a developer of programmable baseband processor technology targeting wireless and broadcast technologies.
MediaTek did not indicate how much it would pay for the company but said the move had been approved by its board of directors and that Coresonic will become another wholly-owned subsidiary of MediaTek in Europe.
Coresonic AB was founded in Sweden in 2004 based on the results of a research project undertaken at Linkoping University in Sweden. From those beginnings the company developred its SIMT – single instruction multiple tasks – DSP architecture for wireless baseband ICs, which it licensed to MediaTek in February 2011.
"We have been very successful with expanding the use of our DSP architecture in wireless communications projects world-wide," said Johan Lodenius, CEO of Coresonic, in a statement issued by MediaTek. "This acquisition provides strong synergies for both companies as it enables us to increase the pace of introducing new leading wireless products through MediaTek's global network."