Qualcomm, the CA-based CDMA digital wireless company, has signed a definitive agreement to acquire Spike Technologies, a semiconductor design services company in Milpitas, CA with a design centre in Bangalore, India.
Qualcomm is to pay approximately $19 million in cash for the acquisition of Spike Technologies and its affiliated companies in the deal, which is still subject to the customary regulatory approvals.
Founded in 1994 by Nikhil Modi and Pradeep Vajram, Spike Technologies has expertise in physical design for deep submicron process technologies, circuit development, and design and verification engineering for pre-silicon design debug and analysis.
Earlier this month, Qualcomm announced that it had struck a deal with Microsoft to license Microsoft’s Windows Media technology.
The company plans to integrate the Windows Media Audio and Video codecs with its own Qtv software video decoder to enable mobile devices to stream, download and play back multimedia content.