Communications firm and chipmaker Qualcomm is to buy Atheros, one of the top manufacturers of semiconductors for wired and wireless communications hardware.
Qualcomm will buy Atheros, with Qualcomm chief Paul E Jacobs applauding the "integration of additional technologies". Photo credit: James Martin/CNET News
On Wednesday, cellular-centric Qualcomm said it will pay $3.1bn (£2bn), or $45 a share, for Atheros. The San Jose, California-based semiconductor specialist is particularly notable for its Wi-Fi and Bluetooth silicon, but also involved in the GPS, Ethernet and power-line communications businesses. Atheros will also take Qualcomm — which is headquartered further south in San Diego — into the burgeoning smart-grid business with its range of home area-networking products.
"It is Qualcomm's strategy to continually integrate additional technologies into mobile devices to make them the primary way that people communicate, compute and access content," Qualcomm chief Paul E Jacobs said in a statement.
According to the statement, Atheros chief Craig H Barratt will become president of Qualcomm Networking and Connectivity. The deal is expected to close in the first half of the year.