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Nvidia Buys Cell Phone Radio Maker Icera

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May 9, 2011, 9:08 AM   by Eric M. Zeman

Nvidia today announced that it intends to acquire a privately held company called Icera. Icera, based in the U.K., makes 3G and 4G cellular baseband chips, which Nvidia intends to mate with its own Tegra line of smartphone processors. The acquisition, valued at $367 million, will help Nvidia compete with rivals such as Qualcomm, Broadcom, and others for scoring deals with smartphone makers. The deal is expected to close during the second half of the year.

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