Date: 28th July 2010
NXP Semiconductor acquires Jennic to expand
its domain expertise in RF
NXP Semiconductors has acquired Jennic, a developer of
low power RF solutions for wireless applications. This acquisition
will add in to NXP's kitty Jennic's portfolio of 802.15.4
and Zigbee low power RF solutions. NXP range of wireless
semiconductor device offerings will now expand for applications
such as eMetering, smart lighting, building automation,
asset tracking and device remote controls.
NXP has paid approximately $12.2 million to acquire 100%
ownership of Jennic shares, plus up to $7.8 million in additional
consideration over the next two years if Jennic meets certain
performance targets. Approximately 50 UK-based employees
will transfer to NXP. NXP's will allow Jennic's short-range
wireless products to become available to a broader range
of global customer.
"Innovation in low-power wireless RF technology is
driving significant demand for exciting new applications
and usage models across a broad range of industries,"
said Rick Clemmer, President and CEO, NXP Semiconductors.
"The low power RF solutions for wireless applications
which Jennic has developed have set a benchmark for driving
down power performance. These also represent a great example
of High Performance Mixed Signal technology, which together
will enable us to jointly target attractive growth markets
and offer a complete range of wireless semiconductor solutions."
"We strongly believe that 802.15.4 short-range wireless
technology has potential to both enable a number of new
applications, and replace traditional communications across
a range of industries," said Alexander Everke, Executive
Vice President and General Manager, High Performance Mixed
Signal business unit, NXP Semiconductors. "The benefits
of networking technology with low set-up and operation costs
are significant, and by integrating Jennic's solutions,
we are now able to offer the broadest range of long- and
short-range wireless platforms to meet any customer requirement."
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