Qualcomm today announced that they will acquire Atheros which makes wireless and wired communications products. The transaction is valued at US$3.1 billion.
“With this acquisition and our complementary products, Qualcomm will be in a strong position to take our successful mobile strategy of bringing the best technologies together into a systems solution and apply this to new opportunities,” said Steve Mollenkopf, EVP and group president of Qualcomm. “We see this strategy as central to helping our customers capitalize on the ubiquitous connectivity and seamless experiences that are developing across mobile phones, computing and consumer electronics.”
Atheros makes chipsets offering GPS, Wi-Fi, Bluetooth, and ethernet connectivity. Qualcomm is likely to integrate these into its own chipsets for future smartphone, tablet and other connected devices.
The acquisition is expected to close in the first half of the year.