Integrated Device Technology (IDTI) and Qualcomm (QCOM) Reach Definitive Agreement
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Integrated Device Technology, Inc. (NASDAQ: IDTI) and Qualcomm Incorporated (NASDAQ: QCOM) today announced the signing of a definitive agreement to transfer the design team of IDTI's Hollywood Quality Video and Frame Rate Conversion Video Processing product lines and certain related assets to Qualcomm.
In addition, under the terms of the agreement, both companies will explore opportunities to include IDTI's broad portfolio of mixed-signal products into Qualcomm reference designs.
The all-cash transaction has received appropriate corporate approvals and is anticipated to close in the coming weeks.
In addition, under the terms of the agreement, both companies will explore opportunities to include IDTI's broad portfolio of mixed-signal products into Qualcomm reference designs.
The all-cash transaction has received appropriate corporate approvals and is anticipated to close in the coming weeks.
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