Nvidia, IV jointly acquire IP Wireless patents

BANGALORE, INDIA: A set of patents (that includes LTE,LTE-Advanced and 3G and 4G technologies) developed and owned by IPWireless has been jointly acquired by Nvidia and Intellectual Ventures (IV) for an undisclosed amount.

Nvidia and IV have split the ownership of patents. Nvidia has licenced the rights to those patents that it did not acquire and IPWireless retains access to these patents. IPWireless will continue investing and innovating in 4G LTE and other areas of wireless IP.

"This acquisition complements our ownership of extensive fundamental patents in graphics, visual and mobile computing. These patents, acquired in collaboration with Intellectual Ventures, will help support our rapidly expanding efforts in the mobile business,'' said David Shannon, executive vice president and general counsel, Nvidia.

"Retaining access to this patent portfolio allows IPWireless to continue developing its market-leading products and serving its customers now and in the future," said Bill Jones, CEO of IPWireless.