RDA Microelectronics acquires Coolsand for $46 mn

SHANGHAI, CHINA: RDA Microelectronics, a fables semiconductor company, has acquired the entire baseband intellectual property of Coolsand Holdings for $46 million, comprised of approximately $20 million in cash and 15 million RDA ordinary shares.

Coolsand Holdings is a privately held baseband company with its business operations in China. The asset purchase is strategically seen to be beneficial to RDA’s business. Through this purchase, RDA can now expand its product offerings for Chinese handset manufacturers, increase silicon content per handset, extend its total addressable market and diversify and expand its long term revenue growth prospects.

"We are now able to provide competitive baseband products alongside our comprehensive RF and mixed-signal offerings for the handset market. The addition of baseband products expands our total addressable market and silicon content per handset, simplifies the supply chain for our customers, and opens the way for further market share gains. Baseband is a large and growing market and potentially represents a significant revenue opportunity for RDA. We believe we are in a good position to be a strong competitor in this market and take share as a result of our strong product roadmap,'' said Vincent Tai, chairman and CEO of RDA Microelectronics.