Qualcomm announced on the 17th that it has completed the acquisition of the remaining shares of RF360 Holdings Singapore Ltd. Qualcomm said that this is another important milestone in the 5G strategy layout and leading industry. Through the acquisition, Qualcomm has gained more than 20 years of experience in RF front-end (RFFE) filtering related technology. In the future, we can provide customers with complete end-to-end solutions from data machines to antennas.
Qualcomm revealed that in August this year, TDK Electronics (formerly EPCOS) had a valuation of US$1.15 billion in the remaining shares of the joint venture. The total purchase price was approximately RMB3.1 billion, including initial investment. Payments to TDK and development obligations based on joint venture sales.
It is understood that RF360 is a joint venture between Qualcomm and TDK. The joint venture previously cooperated with Qualcomm Technology to manufacture RF front-end filters to support Qualcomm Technologies to provide complete 4G/5G RF front-end solutions.
Qualcomm President Cristiano Amon said that our previous joint venture was to improve Qualcomm's RF front-end solutions and enable Qualcomm to provide a truly complete solution for the mobile device ecosystem. This goal has now been achieved.
He also stressed that there are more than 150 products designed using Qualcomm 5G solutions worldwide. Almost all products use Snapdragon 5G data machines and RF systems. I am very pleased that the joint venture employees have officially joined Qualcomm and they have become important members of the company's RF front-end team. Look forward to continued cooperation in the future, let Qualcomm accelerate to the 5G networked world and provide more innovation.
After the completion of the acquisition, the company's Snapdragon 5G modem and RF system provide the world's first commercial 5G new space intermediaries below 6GHz (sub-6 GHz) and millimeter wave (mmWave) solutions, and integrated power amplifiers, filters, multiplex , antenna adjustment, low noise amplifier (LNA), switching components, and packet tracking.
Qualcomm mentioned that the second-generation RF front-end solution in the 5G portfolio will further support OEMs to quickly and large-scale design and roll out 5G multimode devices that are thin, powerful and power efficient. Technology-level innovations, such as broadband packet tracking and adaptive antenna adjustment, combine data and RF front-ends to deliver industry-leading 4G/5G power, data transfer rates and coverage, and new spectrum and 5G The greater complexity of larger bandwidth.
Actively preparing for 5G, Qualcomm spent $3.1 billion to acquire RF360 Holdings
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