Coresonic bought by MediaTek
Following the formalization of the acquisition, Coresonic will become another wholly owned subsidiary of MediaTek in Europe, joining MediaTek Wireless in Cambridge and Kent in the UK and MediaTek Denmark.
Coresonic was founded in 2004 from a research project at Linköping Unversity and has rapidly established itself as a market leader with its breakthrough DSP architecture for wireless basebands, and MediaTek licensed the technology in February 2011. MediaTek will use Coresonic’s DSP technology to further improve the efficiency and flexibility of its expanding product lines, strengthening MediaTek’s position as a leading provider of wireless communication and digital multimedia IC solutions.
"We have been very successful with expanding the use of our DSP architecture in wireless communications projects world-wide." said Johan Lodenius, CEO of Coresonic."This acquisition provides strong synergies for both companies as it enables us to increase the pace of introducing new leading wireless products through MediaTek’s global network."
Following the announcement of the acquisition, Ching-Jiang Hsieh, President of MediaTek said, “As a leader in digital consumer and wireless chipsets, MediaTek offers a broad range of highly competitive products. With the acquisition of Coresonic, MediaTek will significantly enhance its wireless technologies and sharpen the competitive edge of its product solutions."
www.mediatek.com
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