Home  ›  News  ›

Nokia Spins Off Wireless Modem Biz in JV with Renesas

Article Comments  

Jul 6, 2010, 7:21 AM   by Eric M. Zeman

Nokia announced that it has sold its wireless modem business to chipmaker Renesas in a new joint venture for about $200 million. The two companies have agreed to work together to develop modem technologies for HSPA+/LTE (Evolved High-Speed Packet Access / Long-Term Evolution) moving forward. Nokia is transferring its GSM, HSPA+ and LTE assets, including associated patents, and about 1,100 employees, to Renesas. The two companies believe that their combined efforts can bring products to market sooner.


This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.