Qualcomm Acquires Sunnyvale-Based Summit Microelectronics

Sunnyvale, Calif. -- Qualcomm, the San Diego-based mobile technology giant, said on Monday it has acquired Sunnyvale-based Summit Microelectronics, a developer of programmable power integrated circuits. Financial terms of the deal were not disclosed. Qualcomm said the acquisition will significantly bolster its power management roadmap, allowing it to address a broader set of customers and complex design challenges. All employees of Summit have joined Qualcomm's CDMA Technologies division. "Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters," said Steve Mollenkopf, the president and COO of Qualcomm.
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