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NXP to boost wearable, BTLE chip clout with Quintic buy

Posted: 26 Nov 2014 ?? ?Print Version ?Bookmark and Share

Keywords:NXP Semiconductors? Quintic? wearable? BTLE? NFC?

NXP Semiconductors N.V. has signed a definitive agreement with Quintic to buy assets and IP related to the company's wearable and Bluetooth Low Energy (BTLE) IC business. The move by NXP will allow it to develop low energy security and connectivity solutions for Internet of Things applications such as health & fitness wearables, mobile transactions, proximity marketing, smart home and automotive.

"Quintic has impressive customer traction with its standalone BTLE solutions, especially in the Chinese eco-system that it operates in, and is a leader in developing innovative integrated solutions for the nascent wearables market. With NXP's strength in ultra-low power microcontrollers and security, broad IoT application solutions offering, and global sales and distribution reach, the acquired Quintic business should become a true leader in its market. With this transaction, NXP now offers the complete range of ultra-low power connectivity standards relevant to the Internet of Things, being NFC, Zigbee and BTLE," said Mark Hamersma, GM and SVP emerging businesses at NXP.

The Quintic Wearable & BTLE team of about 65 world class engineers located in China (Beijing, Shenzhen, Shanghai) and Sunnyvale, CA, and its leadership is expected to join NXP at close of this transaction targeted for 1Q15. Significant IP assets, including more than 60 US and Chinese patents, form part of the transaction.

- Paul Buckley
??EE Times Europe





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