Monday, June 18, 2012

Qualcomm Acquires Summit Microelectronics

SAN DIEGO – June 18, 2012 – Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has acquired Summit Microelectronics (Summit), a leading developer and provider of programmable power integrated circuits based in Sunnyvale, CA. Qualcomm’s power management roadmap will be significantly enhanced with the addition of Summit’s expertise and products. As a result of the acquisition, Qualcomm will be able to offer a robust portfolio which will address a broader set of customers and complex design challenges. All employees of Summit Microelectronics have joined Qualcomm’s CDMA Technologies division.

The demand for more sophisticated battery management is critical in a world of increasingly smart devices with advanced computing capabilities, large high-resolution screens, and advanced modem technologies (e.g. 4G LTE). Summit Microelectronics is a leader in providing flexible, highly integrated power management solutions combining precision power regulation with sophisticated digital control in a single chip. In particular, the Company’s fast charging solutions are found in a variety of leading mobile phones, tablets, and e-readers.

“Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters,” said Steve Mollenkopf, president and COO of Qualcomm. “This acquisition enhances the competitiveness of Qualcomm’s chipset solutions and enables us to provide our customers with industry leading power management and charging performance.”

Tuesday, June 5, 2012

Alereon Announces $6 Million Cash Infusion

AUSTIN, Texas--(BUSINESS WIRE)--Alereon, Inc., today announced they have closed on $6 million dollars of additional financing led by Enhanced Capital Partners with participation from Alereon’s current investors Pharos Capital Partners and Duchossois Technology Partners. The infusion of capital will allow expansion of Alereon’s current wireless monitor docking station technology used in products such as the Samsung Central Station and the newly introduced Samsung Smart Station as well as the development of new technologies for industrial, medical, networking and gaming products.

“As the world leader in Ultra Wideband (UWB) wireless technology our customers are continuing to count on us to provide them with leading edge wireless solutions,” said Eric Broockman, Alereon CEO. “This capital will be used to provide support for new wireless monitor docking station customers looking to capitalize on the increased shipments of tablets and ultrabooks with their reduced number of ports, yet need to connect to the same monitor and peripherals as laptops as well as expand our offerings in industrial applications.”

“Alereon continues to be a world leader in UWB short range wireless technology,” said Rafael Castro, Enhanced Capital Director. “Enhanced Capital is excited to be able to provide them the capital to expand their current business and customer base as well as help them expand their current markets.”

Alereon is continuing to advance UWB technology providing both new OS and protocol support for current products as well as developing next generation products increasing speed and quality of service. The recent addition of Apple OS support has allowed Alereon current customers to increase wireless monitor docking station penetration in both the consumer and commercial markets.

In addition Alereon’s recent addition of TCP/IP protocol over UWB as an alternative to the original wireless USB protocol provides Alereon with the product portfolio to address new markets where current Wi-Fi solutions performance and functionality cannot meet customer wireless requirements. These include industrial, medical, military and gaming products where Quality of Service is critical and the increased saturation of Wi-Fi traffic makes guaranteeing video performance near impossible.

Finally, Alereon has also recently announced the development of next generation AL7350, an advanced UWB radio that is capable of achieving 1Gbps PHY rates at short range on the desktop and 2X extended range versus earlier WiMedia 1.1 compliant UWB chipsets. The AL7350 implements the more advanced WiMedia 1.5 specification together with maximum ratio combining. The new 1Gbps chip is currently in alpha sampling and will be sampling for general sampling in mid-2012.

About Alereon, Inc.

Alereon, Inc. is a fabless semiconductor company using industry standard Ultra Wideband (UWB) radio technology to develop low-power, blazing fast wireless solutions ideal for connecting media rich products and displays. Alereon’s mission is to enable consumers to simply and wirelessly stream real-time video and data from consumer electronics to HDTVs, monitors and laptops. For more information visit www.alereon.com.

About Enhanced Capital Partners, Inc.

Enhanced Capital Partners, Inc. (www.enhancedcapital.com) is a diversified, national private investment firm specializing in investments in small and mid-sized companies to further economic development in strategic areas. ECP manages over $350 million from its headquarters in New York City and through its regional offices in New Orleans, Austin, Birmingham, Denver, Jackson Hole, Nashville, New Haven, Tampa and Washington, D.C.

Friday, June 1, 2012

Nanoradio acquired by Samsung

SEOUL, Korea and KISTA, Sweden – June 1, 2012 – Samsung Electronics Co. Ltd., a world leader in advanced semiconductor solutions, announced today that it has acquired Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones.

Headquartered in Kista, Sweden, Nanoradio has approximately 60 employees and extensive experience in the wireless industry. In particular, Nanoradio specializes in developing small form factor high performance Wi-Fi chipsets with low power consumption for cellular platforms.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world’s most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.

About Nanoradio AB

Nanoradio designs semiconductors with wireless capability for the cellular and handheld market where buying decisions relate to power consumption, stability, physical size, and total cost for customers.

Nanoradio has developed the most integrated circuits that bring outstanding WLAN capabilities into m obile phones and consumer multimedia electronics. Nanoradio ́s Wi-Fi chips target a range of applicati ons, including mobile phones, wireless network cameras for home surveillance, Portable Media Player s and gaming devices. Another big area for Nanoradio is the growing fixed-mobile convergence mark et with dual-mode phones.

The company was founded in March 2004 and it is a "fabless" company meaning that all manufacturi ng is outsourced. Nanoradio has a leading team of extensively experienced technologists from the cel lular and wireless industry as well as semiconductor industry and start-ups. Nanoradio is headquartere d in Kista, Sweden with sales offices in Korea, China, Japan and USA.

Nanoradio is backed by Viking Venture, Creandum, Industrifonden, Nordic Venture Partners, Ferd Capital, In novacom, Anchor Capital and Teknoinvest.