SAN DIEGO, Sept. 16, 2019 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) announced a significant milestone in
its 5G strategy and leadership by completing the acquisition of the
remaining interest in RF360 Holdings Singapore Pte. Ltd., a joint
venture with TDK Corporation (TSE: 6762)1. Together with
Qualcomm Technologies, Inc., the joint venture has produced RF
front-end (RFFE) filters which enable Qualcomm Technologies to
deliver complete 4G/5G RFFE solutions. With this acquisition,
Qualcomm Technologies is able to provide customers a complete
end-to-end solution from modem to antenna, the Qualcomm®
Snapdragon™ 5G Modem-RF System, including the world's first
commercial 5G NR sub-6 and mmWave solutions, integrating power
amplifiers, filters, multiplexers, antenna tuning, LNAs, switching
and envelope tracking products2.
Qualcomm Technologies' second generation RFFE
solutions for its 5G portfolio will further enable OEM
customers to design thin, high-performance, battery-efficient 5G
multimode devices at scale and on time. Qualcomm Technologies'
system-level innovations such as wideband envelope tracking and
adaptive antenna tuning intelligently combine the modem
and RFFE to help achieve best-in-class 4G/5G power
efficiency, data speeds and coverage. Due to the complexity of 5G,
with its new spectrum and wider bandwidths, Qualcomm Technologies'
advanced RFFE solutions are very well-positioned to
win future smartphone designs.
This acquisition is the final step to formally bring in-house
more than 20 years of expertise in RFFE filtering.
Qualcomm Technologies now has one of the broadest portfolios
of RFFE products, including integrated and discrete
micro-acoustic components utilizing RFFE filter technologies
such as BAW, SAW, TC-SAW, as well as Thin Film SAW, all of which
are core to developing and producing filters, duplexers,
multiplexers for discrete, power amplifiers and diversity
modules, as well as n-plexers and extractors for the very
complex front end necessary for today's leading mobile phones
and connected devices.
"Our goal in the formation of this joint venture was to enhance
Qualcomm Technologies' front-end solutions to enable us to deliver
a truly complete solution to the mobile device ecosystem, and we
have done exactly that," said Cristiano
Amon, president of Qualcomm Incorporated. "We are excited
about the strong adoption of Qualcomm Snapdragon 5G Modem-RF
Systems in virtually all of our 150+ 5G design wins. Our systems
approach has created a benchmark for 5G RFFE performance. I am very
pleased to formally welcome to Qualcomm the talented employees of
the joint venture, who already have been an integral part of the
Qualcomm Technologies RFFE team, and I look forward to celebrating
even more innovation as we continue to invent breakthrough
technologies on the path towards a 5G connected world.
Additionally, I would like to thank our long-time partner TDK. We
look forward to continued opportunities to collaborate and to bring
leading products from both companies to the market in the years
ahead."
TDK Electronics' (formerly EPCOS) remaining interest in the
joint venture was valued at $1.15
billion in August 2019. The
total purchase price, including the initial investment, payments to
TDK based on sales by the joint venture, and development
obligations, will be approximately $3.1
billion.
About Qualcomm
Qualcomm invents breakthrough technologies that transform how
the world connects, computes and communicates. When we connected
the phone to the Internet, the mobile revolution was born. Today,
our inventions are the foundation for life-changing products,
experiences, and industries. As we lead the world to 5G, we
envision this next big change in cellular technology spurring a new
era of intelligent, connected devices and enabling new
opportunities in connected cars, remote delivery of health care
services, and the IoT — including smart cities, smart homes, and
wearables. Qualcomm Incorporated includes our licensing business,
QTL, and the vast majority of our patent portfolio. Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated,
operates, along with its subsidiaries, substantially all of our
engineering, research and development functions, and substantially
all of our products and services businesses, including the QCT
semiconductor business. For more information, visit Qualcomm's
website, OnQ blog, Twitter and Facebook pages.
Qualcomm and Snapdragon are trademarks of Qualcomm
Incorporated, registered in the United
States and other countries. Qualcomm Snapdragon is a product
of Qualcomm Technologies, Inc. and/or its subsidiaries.
1 The agreement was made between Qualcomm's indirect,
wholly-owned subsidiary, Qualcomm Global Trading Pte. Ltd. (QGT),
and other Qualcomm affiliates, including Qualcomm Technologies,
Inc. (QTI), and TDK and other TDK affiliates.
2 Qualcomm RF front-end products are products of
Qualcomm Technologies, Inc. ("Qualcomm Technologies") and/or its
subsidiaries.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated