Integrated Device Technology and Qualcomm announced their
agreement to transfer the design team of IDT’s Hollywood Quality Video (HQV)
and Frame Rate Conversion (FRC) Video Processing product lines and certain
related assets to Qualcomm.
Both companies will also explore opportunities to include
IDT’s broad portfolio of mixed-signal products into Qualcomm reference
designs. The all-cash transaction has received appropriate corporate
approvals and is anticipated to close in the coming weeks, subject to the
completion of certain closing conditions.
“This transaction enables IDT to intensify our focus
on our core timing, interface and analog-intensive mixed-signal solutions for
growing applications in cloud computing, wireless infrastructure and consumer
mobility. In addition, it enables a new working relationship with
Qualcomm,” said Ted Tewksbury, president and chief executive officer at
Integrated Device Technology.
“Hollywood Quality Video is a well-recognized,
award-winning technology that provides Qualcomm
with a leadership position in the video processing space,” said Steve
Mollenkopf, executive vice president and group president, Qualcomm.
“Media consumption continues to cross device
boundaries and create growing expectations for high-quality viewing
experiences. When combined with Qualcomm’s high-performance Snapdragon
processor, integrated HQV technology will raise the quality bar for media
consumption on smartphones, tablets and other smart media devices. We
look forward to working with IDT in the future,” Mollenkopf added.
Qualcomm recently announced that it has acquired
certain assets from GestureTek, a developer of gesture recognition technology.
GestureTek has more than 25 years of experience implementing gesture-based
technologies in mobile devices, entertainment facilities, healthcare systems,
retail locations, and public and private venues.
The acquisition gives Qualcomm ownership of certain
intellectual property assets related to gesture recognition, as well as key
engineering resources. GestureTek is retaining other assets in
continuation of its gesture-controlled public display and digital signage
business.
By Telecomlead.com Team
editor@telecomlead.com
