Qualcomm to Buy San Diego Chip Designer
Qualcomm today announced that it has agreed to acquire the assets of a company called Rapid Bridge. Rapid Bridge, a San Diego neighbor of Qualcomm's, created an advanced and more efficient way to design and develop chips. Its technology makes it easier to design chips, as well as more efficient to manufacture them. Rapid Bridge's technology and assets will be added to Qualcomm's CDMA development team. The acquisition is scheduled to close before the end of the year.
Qualcomm to Cut 1,300 Jobs in San Diego
Qualcomm on Thursday sent termination notices to about 1,300 workers at its San Diego headquarters. The company gave affected workers 60-days notice, listing Nov.
Qualcomm Shrinks 5G Modem to Phone-Sized Chipset
Qualcomm says it has created a 5G modem that's small enough for mobile devices. The Snapdragon X50 5G chipset, which Qualcomm tested in its San Diego lab, reached gigabit speeds using 28 GHz mmWave radio frequencies.
Qualcomm to Trim Headcount By 600
Qualcomm today indicated it is laying off about 600 people, or 2% of its global workforce of 31,300. The cuts are part of several measures the chip-maker is taking to reduce expenses by about $100 million.
Qualcomm Partners Up with Chinese Makers for 14nm Chips
Qualcomm plans to form a joint venture with Semiconductor Manufacturing International in China to develop 14nm chips. China's Huawei and Belgium's Imec will also participate in the venture.