National Semiconductor acquire innoCOMM for $130 million

National Semiconductor Corporation has disclosed today, February 6, 2001, that it has reached an agreement to acquire innoCOMM wireless in a deal worth approximately $130 million.

National Semiconductor Corporation has disclosed today, February 6, 2001, that it has reached an agreement to acquire innoCOMM wireless, a San Diego-based developer of chipsets for wireless networking applications. The deal, worth approximately $130 million, is expected to be complete by the end of the month.

A statement from National Semiconductor said the acquisition of innoCOMM, including 45 skilled wireless technologists, brings additional competence, technical know-how and product design capabilities in areas complementary to National’s existing base of design and product expertise.

InnoCOMM’s expertise ranges from short-range wireless technologies such as Bluetooth and HomeRF, to full wireless local area networking based on the IEEE 802.11 standards.

Patrick J Brockett, executive vice president and general manager of National Semiconductor’s Analogue Group, said National Semiconductor has been adding pieces of intellectual property and talent that extend its global reach and support the company’s push into new information and communications-based markets.

‘National is a premier analogue company focused on the huge market opportunities presented by the convergence of voice and data services accessing the Internet over wired and wireless networks,’ added Brockett. ‘Building this infrastructure and its access terminals will drive the semiconductor industry during this decade.’

‘The combination of National’s manufacturing and sourcing capabilities coupled with innoCOMM’s expertise in wireless data communications will result in very competitive system solutions from antenna to baseband in the personal area networks and residential gateway markets,’ said Bernard Xavier, CEO of innoCOMM wireless.

Bluetooth, Home RF and the 802.11 standards are said to be key technologies driving the development of next generation wireless networking solutions.

‘InnoCOMM’s Bluetooth radio transceiver, combined with National’s Bluetooth baseband technology, will quickly lead to a complete single-chip Bluetooth solution,’ said William Stacy, vice president of National’s Wireless Group.

Stacy said innoCOMM’s capabilities in other technologies, such as HomeRF and wireless LANs based on the 802.11 standard, will also be integrated into National Semiconductor’s strategic roadmap for wireless networking applications.

The innoCOMM team will remain in San Diego and will operate as a development center within National’s Wireless Group, reporting to Stacy. First CMOS products from the joint development effort are expected to be introduced in the second half of 2001.