Qualcomm buys Summit Microelectronics

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Qualcomm buys Summit Microelectronics 
Qualcomm Inc. has acquired Summit Microelectronics. Qualcomm's power management roadmap will be significantly enhanced with the addition of Summit's expertise and products. Qualcomm will be able to offer a robust portfolio which will address a broader set of customers and complex design challenges as a result of the acquisition. All employees of Summit Microelectronics have joined Qualcomm's CDMA Technologies division.
Steve Mollenkopf, President  & COO, Qualcomm said, "Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters. This acquisition enhances the competitiveness of Qualcomm's chipset solutions and enables us to provide our customers with industry leading power management and charging performance."

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