Nokia sells wireless modem business to Renesas

 

Collaborate on new radio technologies.

Nokia has announced that its wireless modem business is to be acquired by semiconductor company Renesas Electronics for US$200m ($235m).

The companies claimed that the deal will strengthen their work on new modem and radio technologies including HSPA+ and LTE.

Kai Oistamo, executive vice president of Nokia, said that the move will allow the firm to focus more clearly on products that its customers demand.

"The alliance enables us to continue to focus on our own core businesses, connecting people to what matters to them with our mobile products and solutions," he said.

"Wireless modems are an integral part of today's chipset solutions, and we believe that Renesas Electronics is in an ideal position to further develop this offering."

Renesas president Yasushi Akao added that the new technology will enable the firm to develop products allowing customers to run mobile cloud computing services.

"The transferring wireless modem technology and the innovation power and expertise of Nokia's employees will perfectly complement our core competences and serve as the key driving forces in growing our mobile business in the global market," he said.

Forrester analyst Ian Fogg suggested that the move represents Nokia's continued repositioning as it looks to reclaim lost ground, but warned that the company could find itself further adrift if it does not act quickly.

"Nokia is very inward facing at the moment and is trying to work out its strategy to compete with other major players in the market," he said.

"Nokia must make sure that it doesn't take its eye of the market and what its rivals are doing. The mobile market is very fast paced and it could risk falling further behind if it doesn't ensure that it remains up to date."

Copyright ©v3.co.uk


Nokia sells wireless modem business to Renesas
 
 
 
Top Stories
Optus admits to three big data breaches
More than 300,000 customers affected.
 
Is your lawyer smarter than IBM's Watson?
Sparke Helmore CIO Peter Campbell expects machine learning to take a chunk out of law firm profits. But he’s far from downcast.
 
Australia passes data retention into law
Mammoth last-ditch effort by Greens, indies knocked back.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Xero now includes an inventory function built-in
Mar 26, 2015
Xero has added inventory and other major new features to the latest release of its cloud ...
Apple reveals its new MacBook
Mar 13, 2015
Replacing the MacBook Air as Apple's thinnest laptop, the new MacBook comes packed with features.
Xero has released a new version of its app for the iPad
Mar 6, 2015
iPad-wielding Xero users can now take advantage of a new version of the iOS app for the cloud ...
Microsoft is offering Azure for Disaster Recovery to Australian SMBs
Feb 10, 2015
If you haven't talked to your IT provider about disaster recovery, it might be worth discussing ...
The 2015 Xero Roadshow is on: here are the locations and dates
Feb 6, 2015
The 2015 Xero Roadshow kicked off this week - see where you can attend at locations around ...
Latest Comments
Polls
Do you support the Government's data retention scheme?

   |   View results
Yes
  9%
 
No
  91%
TOTAL VOTES: 1467

Vote