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Product category: Communications ICs (Wireless)
News Release from: NXP Semiconductors
Edited by the Electronicstalk Editorial Team on 24 December 2007

Acquisition brings ready-made GPS

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NXP Semiconductors is acquiring fabless GPS specialist GloNav for an initial payment of US $85 million in cash.

NXP Semiconductors is acquiring GloNav, a US-based fabless semiconductor company developing single-chip solutions for global positioning systems (GPS) and other satellite navigation systems NXP will purchase the company for US $85 million in cash plus up to US $25 million in cash contingent on GloNav reaching certain revenue and product development milestones over the next two years