Deal to be finalized over $300 million purchase price, operations to move to Haifa
Chipset manufacturer Qualcomm has entered into talks with Israeli-based chip maker Wilocity over the finalization of a deal that would purchase the WiGig company for around $300 million. Wilocity had previously raised $105 million in venture capital funding with Qualcomm as one of its investors.
Wilocity to show working WiGig chips at CES
Wilocity, an Israeli-based company that is developing 60GHz multi-gigabit wireless chipsets for mobile devices, will show off some working prototypes at the CES show this January. Based on 802.11ad technology, it promises 7 gigabits per second transfer speeds over short distances. The first devices using the technology will be notebooks, ultrabooks, tablets and docking stations, said Wilocity VP of Marketing Mark Grodzinsky.