Beijing time on January 13, the evening news, qualcomm and Japanese manufacturers TDK announced today that the two sides will set up a joint venture company RF360 Holdings, wireless components for mobile devices and other product development.
According to the agreement, qualcomm and TDK will be launched in Singapore RF360 Holdings company, originally qualcomm has a 51% stake, TDK a subsidiary holding the remainder. The cooperation will allow qualcomm in the rapid growth of filter and module in the market, and the TDK will obtain qualcomm financial support, improve the product development and capital equipment investment.
Qualcomm, said the next three years will be up to $3 billion to the joint venture company. The deal highlights the qualcomm plans to provide a more complete intelligent mobile phone chips, and turned to cars and other products, such as Internet equipment, such as robots and unmanned aerial vehicle (uav).
The $3 billion investment including qualcomm buying TDK technology and patent fees, pay to TDK's follow-up and capital investment of the joint venture. The agreement also allows for the acquisition of the joint venture company qualcomm in 30 months after remaining stake. Qualcomm, the deal is expected to be completed in early 2017, and after a year after the completion of a profit for the company.
Qualcomm and TDK joint venture set up wireless components
Qualcomm and Japan TDK Corp will form a joint venture company, develop wireless components for mobile devices and other products, said the deal will cost $3 billion in three years.
This is qualcomm ambitious perfect wireless phone chips and the latest manifestation of the technology used in automobiles and other products.
Qualcomm chip business President two Amon said, this is a big deal, will make the company get the end-to-end system design ability.
TDK didn't respond to requests for comment.
According to the latest agreement, qualcomm and TDK will set up a company called RF360 Holdings company, headquartered in Singapore. Its inception, qualcomm will hold 51% stake in the company, TDK subsidiaries will hold the remaining shares.
This arrangement will make qualcomm to participate in the filter module of accelerated growth of the market. TDK, meanwhile, will be able to use high abundance cash supply, increase spending on product development and capital equipment.
Include qualcomm said it, the cost of $3 billion for the joint venture to purchase TDK spending on technology and patent, subsequent payment of TDK and new capital expenditure of the joint venture. Also assume that the company will exercise the option, in 30 months after the acquisition of residual interest of the joint venture.
Qualcomm, said the deal is expected to be completed in early 2017, and contribute to the company profits in the next 12 months. The Wall Street journal
Qualcomm working with TDK Singapore to set up the rf chip factory
The world's largest mobile chip maker qualcomm will cooperate with Tokyo electric chemical industry, set up the set frequency chip plant in Singapore RF360 Holdings, build cost of $3 billion, hope gap with the rf chip leading brand for the good news and Qorvo distance.
The world's largest mobile chip maker qualcomm will cooperate with Tokyo electric chemical industry, set up in Singapore factory set frequency chip RF360 Holdings.
Qualcomm said it would pay $1.2 billion to build in advance, the rest of the money will be paid within three years gradually, including spending to buy TDK technology and patent, subsequent payment for TDK, as well as the new capital expenditure, RF360 total factory cost is $3 billion.
RF360 is expected to be completed in 2017, qualcomm will get a 51% stake, TDK holds a 49% stake in the remaining, but in the factory after 30 months, qualcomm can buy TDK holdings of shares.
Because qualcomm in career and modem chip microprocessor chip, encounter fierce competition leads to revenue growth is slowing, eager to develop new growth areas. Last year, according to Gartner, qualcomm revenue decline 17.4%.
Working with TDK develop rf chip, qualcomm is trying to get a wireless hand chip product more complete, and apply this technology in the robot, car and the latest market movements such as unmanned aerial vehicles (uavs). Qualcomm announced last week that fox group, audi will be used on the product the company chip.
Qualcomm and said in a statement released TDK, rf chip the size of the market will grow by 13% in 2020 to around $18 billion a year. TDK shares surged 5.5% on Wednesday. Qualcomm shares closed up 1% on Tuesday.
