Samsung Electronics Co. Ltd., has announced that it has acquired Nanoradio AB, a Swedish developer of ultra low-power wireless LAN chipsets for mobile phones. The details of the acquisition haven’t been made public yet.
Headquartered in Kista, Sweden, Nanoradio specializes in developing small form factor high performance Wi-Fi chipsets with low power consumption for cellular platforms. Nanoradio has approximately 60 employees and extensive experience in the wireless industry. Founded in 2004, Nanoradio had raised at least $73 million in venture funding, including $17 million from a group of several venture capital firms in 2010.
With the acquisition it appears that Samsung intends to manufacture its own WiFi chipsets for their future mobile handsets. Samsung, currently, is the only smartphone manufacturer that has been able to give Apple run for its money.
For now, Samsung is the only company capable of integrating all the key system components: storage, memory, logic, chipsets, packaging, display, etc. and with this acquisition it has added wireless in its cap.