China-based fabless chip supplier Spreadtrum Communications Inc. said Monday (Oct. 3) it completed a majority acquisition of WCDMA solutions provider MobilePeak Holdings Ltd. for about $5 million.
Spreadtrum (Shanghai) said the acquisition of MobilePeak would allow the company to enter the global 3G and LTE markets with WCDMA/HSPA+ technology. MobilePeak's 3G technology combined with Spreadtrum's 40-nm baseband platform will enable Spreadtrum to deliver low-cost, high-performance WCDMA solutions for the global market and serve as a foundation for the company's next-generation multi-mode 3G/4G solutions, Spreadtrum said.
MobilePeak's technology supports 3GPP standards through Release 7, including a full-rate 384Kbps modem and HSPA+ technology up to Category 14 at 21Mbps maximum downlink speed and 11Mbps maximum uplink speed, Spreadtrum said. The company anticipates that its first WCDMA baseband platform leveraging MobilePeak's technology will be introduced in the first half of 2012, targeting consumers in emerging markets as well as 3G subscribers on the China Unicom network.
Spreadtrum increased its equity ownership in MobilePeak to approximately 85 percent as a result of the acquisition, the company said. Spreadtrum said it expects to purchase the remaining outstanding shares by the end of the year.
Spreadtrum said it expects the total cash consideration for the ordinary shares, including shares purchased on Sept. 30 and shares that remain to be purchased, to be about $5 million. Spreadtrum may also pay additional cash and grant restricted share units to MobilePeak team members as they meet certain product development milestones, the company said.
MobilePeak, a venture-funded firm established in 2005, is based in Shanghai with a design center in San Diego.
資料來源:http://www.eetimes.com/electronics-news/4228816/Spreadtrum-takes-majority-stake-in-MobilePeak
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