Chipcon, a designer of short-range, low power wireless transceiver devices, has been acquired by Texas Instruments (TI) Inc. in a transaction valued at approximately $200 M. At the time of going to press the transaction was expected to be completed during January 2006.
Under the agreement Chipcon, which employs about 120 people, becomes a wholly-owned subsidiary of TI and continues to operate from its Oslo, Norway headquarters. Its other facilities include a software design centre in San Diego, CA, and sales offices in New Hampshire, Germany, Hong Kong and Tokyo. Chipcon’s president and CEO, Geir Forre, will lead TI’s group integrating short-range wireless personnel and products from both Chipcon and TI.
It is envisaged that combining Chipcon’s design experience in RF transceiver and System-on-Chip devices with TI’s advanced analogue silicon technologies and broad systems expertise will enhance TI’s ability to offer customers complete short-range wireless solutions for consumer, home and building automation applications.