NVIDIA Corporation announced the acquisition of Icera. Icera has been a leading innovator in the field of high-performance baseband processors for mobile phones and tablets for 3G and 4G networks.
Icera has more than 550 patents pending and pending, and its high-speed wireless communications products are recognized by more than 50 operators worldwide. By combining the products and technologies of the two companies, Nvidia will further establish its leading position in the fast-growing mobile market.
“This is a key step for Nvidia to become a leading company in the wave of mobile computing revolution. By integrating Icera's technology into Tegra, we will develop an excellent platform,†said Wong Jen-hoon, President and CEO of NVIDIA. To support the best mobile phones and tablets in the industry."
Huang Renxun continued: “Icera and Nvidia are the perfect combination. Our business complements each other. Icera has a very good and experienced team. Their flexible, entrepreneurial and focused R&D corporate culture is just like ourselves. â€
Huang Renxun also said that Nvidia will continue to work with existing communication processor partners, and respect the choice of customers in the application processor and baseband processor integration.
Stan Boland, president and CEO of Icera, stated: "The Nvidia's TruCore processors have the most impressive product roadmap in the industry. This is the ideal choice for Icera. As part of the company, we will have A broader target market. Our team has worked closely with Nvidia for many projects for many years. We are very excited to join Nvidia."
The acquisition fee of $367 million in cash has been approved by the board of directors of both companies, and it is expected that the entire acquisition process will be completed within 30 days. From an operational point of view, this transaction is expected to be diluted slightly through operating costs in the first half of 2012 and will be reflected in operating costs in the second half of 2012. This expectation does not take into account the company’s revenue growth due to the acquisition.
After the completion of the acquisition, Nvidia will be able to help OEM customers accelerate the pace of their products to market by providing both main processors (application processors and baseband processors) in the smartphone, and leading to meet the next generation of mobile computing needs device of. Nvidia also expects to have the opportunity to double revenue on each mobile device.
The baseband processor market is one of the fastest growing technology markets with an estimated annual output value of $15 billion. Icera will use Nvidia's strong growth momentum in the smartphone and tablet market to grow faster.
Background: Wireless baseband processor pioneer Icera
Icera is the pioneer of the next-generation, integrated RF unit multi-protocol wireless baseband processor. Using a custom and extremely low power processor, its technology covers networks from 2G to 4G. Since the baseband technology is software-based, vendors can develop numerous products based on a unified platform, reduce R&D costs, accelerate time to market, and ensure that they support future baseband standards.
Icera's third-generation Livanto chipset offers the industry's fastest data transfer rates, reducing user wait times, reducing battery consumption, and supporting different standards on the same hardware. Its upcoming Espresso 450 and Espresso 500 platforms deliver leading performance on 2G, 3G and 4G networks, providing low power consumption for voice and high-speed data optimization and the industry's smallest form factor. Icera's product scale will further expand in the near future.
Icera was founded in 2002 in Bristol, England. The company has approximately 300 employees in 7 countries including Europe, Asia and the United States. It was created by a group of professionals who are very professional and have similar backgrounds in microprocessor design and mobile communications.
Icera has more than 550 patents pending and pending, and its high-speed wireless communications products are recognized by more than 50 operators worldwide. By combining the products and technologies of the two companies, Nvidia will further establish its leading position in the fast-growing mobile market.
“This is a key step for Nvidia to become a leading company in the wave of mobile computing revolution. By integrating Icera's technology into Tegra, we will develop an excellent platform,†said Wong Jen-hoon, President and CEO of NVIDIA. To support the best mobile phones and tablets in the industry."
Huang Renxun continued: “Icera and Nvidia are the perfect combination. Our business complements each other. Icera has a very good and experienced team. Their flexible, entrepreneurial and focused R&D corporate culture is just like ourselves. â€
Huang Renxun also said that Nvidia will continue to work with existing communication processor partners, and respect the choice of customers in the application processor and baseband processor integration.
Stan Boland, president and CEO of Icera, stated: "The Nvidia's TruCore processors have the most impressive product roadmap in the industry. This is the ideal choice for Icera. As part of the company, we will have A broader target market. Our team has worked closely with Nvidia for many projects for many years. We are very excited to join Nvidia."
The acquisition fee of $367 million in cash has been approved by the board of directors of both companies, and it is expected that the entire acquisition process will be completed within 30 days. From an operational point of view, this transaction is expected to be diluted slightly through operating costs in the first half of 2012 and will be reflected in operating costs in the second half of 2012. This expectation does not take into account the company’s revenue growth due to the acquisition.
After the completion of the acquisition, Nvidia will be able to help OEM customers accelerate the pace of their products to market by providing both main processors (application processors and baseband processors) in the smartphone, and leading to meet the next generation of mobile computing needs device of. Nvidia also expects to have the opportunity to double revenue on each mobile device.
The baseband processor market is one of the fastest growing technology markets with an estimated annual output value of $15 billion. Icera will use Nvidia's strong growth momentum in the smartphone and tablet market to grow faster.
Background: Wireless baseband processor pioneer Icera
Icera is the pioneer of the next-generation, integrated RF unit multi-protocol wireless baseband processor. Using a custom and extremely low power processor, its technology covers networks from 2G to 4G. Since the baseband technology is software-based, vendors can develop numerous products based on a unified platform, reduce R&D costs, accelerate time to market, and ensure that they support future baseband standards.
Icera's third-generation Livanto chipset offers the industry's fastest data transfer rates, reducing user wait times, reducing battery consumption, and supporting different standards on the same hardware. Its upcoming Espresso 450 and Espresso 500 platforms deliver leading performance on 2G, 3G and 4G networks, providing low power consumption for voice and high-speed data optimization and the industry's smallest form factor. Icera's product scale will further expand in the near future.
Icera was founded in 2002 in Bristol, England. The company has approximately 300 employees in 7 countries including Europe, Asia and the United States. It was created by a group of professionals who are very professional and have similar backgrounds in microprocessor design and mobile communications.