Qualcomm acquires Summit Microelectronics

SAN FRANCISCO, USA:  In order to enhance its power management roadmap, Qualcomm has acquired Summit Microelectronics, a programmable power IC vendor for an undisclosed amount. Qualcomm said that, through this acquisition, it will be able to address more customers and take up complex design challenges, reports Dylan McGrath of EETimes.

Summit provides flexible, highly integrated power management solutions combining precision power regulation with sophisticated digital control in a single chip. Qualcomm said, Summit’s fast-charging solutions are found in a variety of leading mobile phones, tablets and e-readers.

"Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters. This acquisition enhances the competitiveness of Qualcomm's chipset solutions and enables us to provide our customers with industry leading power management and charging performance,” said Steve Mollenkopf, President and COO, Qualcomm.

With no layoffs happening at Summit Microelectronics, all employees of the acquired company have joined Qualcomm's CDMA Technologies division.