Qualcomm buys WiGig chipmaker Wilocity

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

Israel's Wilocity is a top developer of chips/firmware for the nascent WiGig (802.11ad) standard, which (using 60GHz. spectrum) can deliver speeds of up to 7Gbps to devices within 10m of each other, and thus act as a USB/HDMI replacement. (PR)

No acquisition price has been given. The Marker reported in May Qualcomm (QCOM) is in talks to buy Wilocity for ~$300M.

Qualcomm's Atheros unit has been working with Wilocity since 2011 to develop tri-band Wi-Fi/WiGig offerings for the PC market. Going forward, Qualcomm plans to develop mobile/networking tri-band platforms, and offer a reference design that pairs one with its Snapdragon 810 processor (next-gen flagship, due in commercial hardware in 1H15).

Yesterday: Qualcomm buys CSR's Israeli imaging IP unit