Qualcomm Acquires Summit Microelectronics

Mobile technology company Qualcomm (NASDAQ: QCOM) has announced that it has acquired Summit Microelectronics, a leading developer and provider of programmable power integrated circuits based in Sunnyvale, CA.

Qualcomm’s power management roadmap will be significantly enhanced with the addition of Summit’s expertise and products, says Qualcomm.

As a result of the acquisition, Qualcomm will be able to offer a portfolio which will address a broader set of customers and complex design challenges. All employees of Summit Microelectronics have joined Qualcomm’s CDMA Technologies division.

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The demand for more sophisticated battery management is critical in a world of increasingly smart devices with advanced computing capabilities, large high-resolution screens, and advanced modem technologies (e.g. 4G LTE).

Summit is a leading provider of flexible, highly integrated power management solutions combining precision power regulation with digital control in a single chip.  In particular, the company’s fast charging solutions are found in a variety of leading mobile phones, tablets, and e-readers, according to Qualcomm.

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“Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters,” said Steve Mollenkopf, president and COO of Qualcomm. “This acquisition enhances the competitiveness of Qualcomm’s chipset solutions and enables us to provide our customers with industry leading power management and charging performance.”

The announcement was made today, June 18.

Photo courtesy: Qualcomm