Deals
Qualcomm Spends $1.15 Billion to Buy Joint Venture From TDK
- Deal will bolster 5G smartphone offerings, Qualcomm says
- Company steps up rivalry with Skyworks, Qorvo, Broadcom
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Qualcomm Inc. paid $1.15 billion to buy the rest of a partnership it had with Japan’s TDK Corp. The deal will help Qualcomm sell more chips for smartphones supporting the latest 5G wireless standard, the U.S. company said.
The two firms set up their RF360 Holdings partnership in 2016 to design radio frequency components. Qualcomm contributed cash and TDK spun off its design and manufacturing assets into the endeavor, which was 51% owned by the San Diego-based company.