MediaTek buys programmable chip start-up
Pays a reported $35m for Sweden's Coresonic, targeting mobile and digital media devices with flexible basebands
Published: 11 April, 2012
READ MORE: M&A | Taiwan | MediaTek | Semiconductor
Taiwanese mobile baseband giant MediaTek is broadening its horizons, trying to move from its featurephone chip base into higher value technologies. With that in mind, it is to acquire a Swedish start-up focused on software defined baseband processors, Coresonic, for a reported US$35m.
MediaTek - which has huge market share in the low end Chinese handset space, but aims to move into 3G, LTE and other higher margin activities - said the purchase had been approved by its board of directors and that Coresonic would operate as a subsidiary of MediaTek Europe.
The smaller firm was founded in 2004 to commercialize a research project at Linkoping University in Sweden, and from that starting point, it developed its SIMT (single instruction multiple tasks) DSP architecture for programmable wireless baseband chips. This was already the subject of a licensing deal with MediaTek earlier this year. SIMT can support most technologies including WiMAX, DVB-T/H, Wi-Fi, GSM/GPRS/EDGE, Bluetooth and EDR.
"We have been very successful with expanding the use of our DSP architecture in wireless communications projects worldwide," said Johan Lodenius, CEO of Coresonic, in a statement. "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."
The acquirer will use the technology in mobile chips but also in some of its digital media offerings.
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