Telecom Lead Asia: MediaTek, a fabless semiconductor
company for wireless communications and digital multimedia solutions, is set to
buy Swedish company Coresonic, a provider of digital signal processor (DSP)
technology.
Coresonic will become another wholly owned subsidiary of
MediaTek in Europe.
Coresonic has established itself as a market leader with
its DSP architecture for wireless baseband.
MediaTek will use Coresonic’s DSP technology to improve
the efficiency and flexibility of its expanding product lines, strengthening
MediaTek’s position as a provider of wireless communication and digital
multimedia IC solutions. Prior to the acquisition, MediaTek has been working
closely with Coresonic.
“We have been very successful with expanding the use
of our DSP architecture in wireless communications projects world-wide. 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”,said Johan Lodenius, CEO of Coresonic.
“As a leader in digital consumer and wireless
chipsets, MediaTek offers a broad range of highly competitive products. With
the acquisition of Coresonic, MediaTek will significantly enhance its wireless
technologies and sharpen the competitive edge of its product solutions,”
said Ching-Jiang Hsieh, president of MediaTek.
MediaTek is a pioneer in SOC system solutions for
wireless communications, high-definition TV, optical storage, and DVD and Blu-ray
products.
