NXP picks up GloNav

Friday, December 21, 2007

NXP buys GloNav for US$85 million in cash plus up to US$25 million in cash contingent upon revenue and product development milestones over the next two years. This is close to the heels of Atheros buying u-Nav. Like I have said before, this is a move to give mobile customers a more integrated solution. NXP already has FM ad Bluetooth capabilities. This is a required piece in its portfolio. With one more small GPS player out of the market, Freescale and Marvell have time running out.

Posted by Vijay Nagarajan at 9:00 AM  

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