Intel acquires Egypt based software house
Intel, through its standalone business entity Intel Mobile Communications, has acquired most of the assets of SySDSoft, a privately held software company based in Egypt. The company has hired approximately 100 of the company’s electrical engineers and computer scientists.
SySDSoft designs IP solutions in the software stack and physical layer domain, and RF/analog circuits embedded in mobile platforms. Financial terms were not disclosed.
According to Arvind Sodhani, President, Intel Capital and Executive Vice President, Intel, the acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East. The acquisition shows Intel’s continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool.
According to the company, SySDSoft would add to its existing multi-communications portfolio, specifically accelerating its 4G LTE efforts.
As per Dr. Hermann Eul, President of Intel Mobile Communications, Intel is making the necessary investments to further enhance its existing world-class wireless product portfolio and to offer the most reliable platforms to their customers that will work seamlessly across a range of global networks. The acquisition supports this strategy and they believe that SySDSoft’s proven and experienced engineering team, combined with Intel Mobile Communications’ existing wireless strength, positions us well for continued growth in LTE.
Ultra low cost handset shipments to hit 48 mln – study
Rapid product development from semiconductor players will enable 48 million Ultra Low Cost Handsets (ULCH) shipments by the end of 2007, according to a report by Strategy Analytics. In addition to Texas Instruments and Infineon, other chipmakers, including Freescale, Qualcomm and Philips, have rapidly made single chip solutions available. These new products will meet the dual needs of driving new subscriber growth in emerging markets and creating a stronger profit opportunity in entry-tier segments for small handset vendors. Motorola remains the leader in this segment with 80 percent share of ULCH shipments. Furthermore, colour, FM radio and speaker phone will be common features in ULCH devices by 2011.
Source- http://www.telecompaper.com
