MediaTek Inc (聯發科), the nation’s biggest handset chip supplier, said yesterday its board approved a plan to acquire a Swedish wireless communications firm to increase its product lineup.
The Hsinchu-based company said it would acquire Coresonic AB, a global leader of Digital Signal Processor (DSP) technology, for US$35 million, according to a company release.
Prior to the acquisition, MediaTek had been working closely with Coresonic, which will become a wholly owned subsidiary of MediaTek in Europe following the deal later this year, the company said.
“With the acquisition of Coresonic, MediaTek will significantly enhance its wireless technologies and sharpen the competitive edge of its product solutions,” company president Hsieh Ching-jiang (謝清江) said in the release.
Coresonic was founded in 2004 to develop a new baseband processor technology based on the outcome of a three-year research project at Linkoping University in Sweden.
Over the years, the company has used its microprocessor technology to optimize the speed of digital signal processing and it has become a market leader in the wireless baseband field.
MediaTek, which also designs TV controller and Wi-Fi connectivity chips, said it plans to use the newly acquired firm’s DSP technology to further improve its product lines, strengthening its position as a leading provider of wireless communication and digital multimedia IC solutions.