MediaTek Set to Acquire Coresonic
Well-known fabless company, MediaTek, responsible for putting their chips in everything from DVD drives to smartphones is to acquire Coresonic, a Swedish company founded in 2004, which specialises in digitial signal processing (DSP) technology for the wireless industry. MediaTek’s board of directors have now approved the deal, which will see Coresonic become a wholly owned subsidiary of MediaTek. The financial terms of the deal were not disclosed.
“We have been very successful with expanding the use of our DSP architecture in wireless communications projects world-wide,” Coresonic CEO Johan Lodenius in a statement by MediaTek. “This acquisition provides strong synergies for both companies as it enables us to increase the pace of introducing new leading wireless products through MediaTek’s global network.”
“With the acquisition of Coresonic, MediaTek will significantly enhance its wireless technologies and sharpen the competitive edge of its product solutions,” said Ching-Jiang Hsieh, president of MediaTek.
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