Qualcomm acquires semiconductor developer Rapid Bridge

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Qualcomm Inc. on Friday, June 10, announced it has agreed to acquire substantially all of the assets of Rapid Bridge, a San Diego-based inventor of advanced techniques for the design and development of semiconductor products. The company’s technology is designed to reduce complexity in integrated circuit development at advanced technology nodes to enable greater design flexibility and optimized die size and power consumption.

Rapid Bridge’s San Diego design team and San Diego/Bangalore engineering services operations will be integrated into Qualcomm CDMA Technologies. The asset acquisition, terms of which were not announced, is expected to close by the end of fiscal year 2011.