Tuesday, January 24, 2006

TI Completes Chipcon Buy

Texas Instruments has completed its acquisition of Chipcon, a provider of low-power, wireless, Zigbee-compliance RF transceivers. TI said that the acquisition will expand its high performance analog portfolio and enable it to provide ZigBee-compliant solutions and proprietary radio frequency integrated circuits for low-power wireless. TI is paying approximately $200M for Chipcon. Chipcon's ZigBee product line was acquired from Figure 8 Wireless, a San Diego-based startup that was backed by Avalon Ventures, Cardinal Venture Capital, Freescale Semiconductor, and Viterbi Group. Chipcon will continue to operate as a subsidiary from its headquarters in Oslo Norway, and its design center in San Diego.

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