Mindspeed Technologies acquires SoC supplier Picochip

Mindspeed Technologies, a supplier of semiconductor products for network infrastructure applications, has signed an agreement to acquire UK-based Picochip, a supplier of integrated system-on-chip (SoC) products for small-cell base stations, for approximately $51.8m (£33.5m) with a potential earnout payment of up to $25m, payable in the first calendar quarter of 2013.

According to a statement, the expected acquisition will create the clear market leader in small-cell base station systems for next-generation mobile-broadband communications infrastructure.