Qualcomm acquires Israeli startup Wilocity to expand its wireless network
In a recent announcement, chipmaker Qualcomm has revealed that it has acquired Israeli WiGig firm Wilocity. The acquisition underscores Qualcomm's efforts in the direction of expanding its wireless network and enhancing the networking and performance capabilities of its processors.
Despite the fact that there has been no official disclosure, by either Qualcomm or Wilocity, about the financial terms of the acquisition deal, it is being speculated that Qualcomm probably paid $300 million to acquire the Israeli startup.
Qualcomm's announcement of the acquisition of Wilocity implies that the chipmaker is aspiring for a major position in WiGig which has the potential to bring about a massive increase in increasing the bandwidth to the wireless devices which support the technology.
Qualcomm's advancement in terms of WiGig technology will come on top of the company's 802.11. ac MU-MIMO technology, which is scheduled for release later this year and will massively improve the consumers' connectivity at existing speeds.
About Qualcomm's key objective behind the acquisition of Wilocity, Qualcomm president Amir Faintuch said: "WiGig will play an important role in Qualcomm's strategy to address consumers' increasingly sophisticated smartphone, tablet and computing requirements to support applications-such as immediate streaming of 4K video and high throughput peer-to-peer communication to enable the next generation of social interactions between users sharing content."
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