NVIDIA announced today that it has completed its $367 million cash acquisition of Icera, a leading innovator of top-performing wireless modems for 3G and 4G cellular phones and tablets. Icera is now a wholly owned subsidiary of NVIDIA operating under the Icera trade name.
With the addition of Icera, NVIDIA now offers the two main processors used in smartphones — the applications processor, in the form of the NVIDIA®Tegra® super chip, and the baseband processor, based on Icera technology. The combined offerings will help OEM customers improve their time to market and deliver the requirements of next-generation mobile computing, while approximately doubling NVIDIA’s revenue opportunity within each mobile device.
For more background on the acquisition, see this recent blog entry from Phil Carmack, senior vice president of NVIDIA’s mobile business unit.