Nvidia completes $367 mn acquisition of Icera

MUMBAI, INDIA: Chip major Nvidia announced on Monday that it has completed its $367 million cash acquisition of Icera, an innovator of wireless modems for 3G and 4G cellular phones and tablets.

Icera is now a wholly owned subsidiary of Nvidia operating under the Icera tradename, said a press release.

With the addition of Icera, Nvidia now offers the two main processors used in smartphones - the applications processor, in the form of the Nvidia Tegra super chip, and the baseband processor, based on Icera technology, the release added.

Nvidia said the combined offerings will help OEM customers improve their time to market and deliver the requirements of next-generation mobile computing, while approximately doubling Nvidia’s revenue opportunity within each mobile device.