Qualcomm Snaps Up Display Company
Sep 10, 2004, 10:09 AM by (staff)
Qualcomm yesterday announced a $170 million deal to acquire Iridigm Display Corporation. Iridigm's patented iMoD™ display technology is cheaper and uses dramatically less power than LCD technology currently used in most phones. Based on MEMS (Micro-Electro-Mechanical-Systems) and thin film optics, iMOD is a reflective type of display that provides high resolution and is as "easy to read as a glossy magazine", according to the company. Iridigm will become a wholly owned subsidiary of Qualcomm. Qualcomm previously held a 14 percent stake in the private company.
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