Qualcomm Acquires iSkoot
Qualcomm today announced that its Qualcomm Innovation Center unit has acquired iSkoot Technologies for an undisclosed sum. iSkoot, which has been around since 2005, mobilizes social networking services for cell phones, reducing data consumption and providing handset makers and network operators with an alternative to fully featured social networking applications. Verizon Wireless, for example, uses iSkoot's technology on its feature phones. iSkoot is now a wholly owned subsidiary of Qualcomm Innovation Center.
Qualcomm Decides to Remain As Is
Qualcomm has completed a review of its corporate structure and said it will not make any changes to its makeup and/or organization. The company was examining whether or not it would make sense to break the company up into separate parts to unlock more value for shareholders.
Qualcomm's Latest Bluetooth Module Targets Voice Assistants
Qualcomm today announced the Low Power Bluetooth SoC QCC5100 Series module for wearables and hearables. The SoC is meant to empower small form factor hardware by reducing power requirements and adding advanced features at the same time.
Apple Sues Qualcomm In China
Apple has filed a fresh lawsuit against Qualcomm, this time in China where it alleges Qualcomm abused its market position to score higher patent-licensing fees. Apple also said Qualcomm failed to honor its promise to license standard essential patents at fair rates, reports Reuters.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.