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
How hard do you hack back?
[Blog post] Taking the offensive could have unintended consequences.
 
Five zero-cost ways to improve MySQL performance
How to easily boost MySQL throughput by up to 5x.
 
The big winners from Defence’s back-office IT refresh
Updated: The full list of subcontractors.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
This 4G smartphone costs $219
Sep 3, 2014
It's possible to spend a lot less on a smartphone if you're prepared to go with a brand you ...
Looking for storage? Seagate has five new small business NAS devices
Aug 22, 2014
Seagate has announced a new portfolio of Networked Attached Storage (NAS) solutions specifically ...
Run a small business in western Sydney?
Aug 15, 2014
This event might be of interest if you're looking to meet other people with a similar interest ...
Buying a tablet? Microsoft's Surface Pro 3 goes on sale this month
Aug 8, 2014
Microsoft has announced its Surface Pro 3 will go on sale in Australia on 28 August from ...
Apple's top MacBook Pro with Retina is now cheaper
Aug 1, 2014
Apple has updated its MacBook Pro range with faster processors and new pricing, including ...
Latest Comments
Polls
Which is the most prevalent cyber attack method your organisation faces?




   |   View results
Phishing and social engineering
  68%
 
Advanced persistent threats
  3%
 
Unpatched or unsupported software vulnerabilities
  11%
 
Denial of service attacks
  6%
 
Insider threats
  12%
TOTAL VOTES: 1015

Vote