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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read River flooding begins to "wrap arms" around Memphis | 07 May 2011 Majority agree with Obama decision on bin Laden photos: poll 7:55am EDT Pakistan PM says bin Laden accusations absurd | 11:20am EDT Bin Laden's widow says they lived in Pakistani house for 5 years 06 May 2011 Are gay men more at risk for cancer? 1:28am EDT Discussed 154 Concerns raised over shooting of unarmed bin Laden, burial 141 Obama at U.S. base to pay tribute to bin Laden mission 106 Boehner demands trillion-dollar cuts in debt deal Watched US releases video of bin Laden from compound Sat, May 7 2011 Bin Laden on tape Sun, May 8 2011 Mississippi River floods force evacuations Fri, May 6 2011 Nvidia to buy cellphone radio maker for $367 million Tweet Share this (Reuters) - Nvidia Corp said it will buy Icera, a privately held mobile phone radio chip maker, for $367 million in cash to strengthen its position in the booming smartphone market. The deal will help Nvidia offer mobile phone makers radio... Email Print Related News Special report: Can China's billions spur the next big idea? Thu, May 5 2011 Applied Materials to buy Varian Semi for $4.9 billion Wed, May 4 2011 Intel's Ivy Bridge chip technology may drive mobile push Wed, May 4 2011 South Korea police probe Google over location data collection Tue, May 3 2011 RIM launches new BlackBerry Bold smartphone Mon, May 2 2011 Analysis & Opinion Tech wrap: Sony CEO says sorry to gamers Virtual currencies are coming for your cash Related Topics Technology » Stocks Mon May 9, 2011 10:11am EDT (Reuters) - Nvidia Corp said it will buy Icera, a privately held mobile phone radio chip maker, for $367 million in cash to strengthen its position in the booming smartphone market. The deal will help Nvidia offer mobile phone makers radio processors along with its Tegra 2 line of CPUs, enabling them to save time on taking their products to market. Nvidia, which over the last year has moved from making graphics chips to being one of the leaders in high-performance mobile and tablets processors, said the deal would slightly hurt operating earnings in the first-half of 2012. Nvidia expects the transaction to add to operating earnings in the second-half of 2012. Earlier this year, rival Qualcomm Inc had acquired wireless radio chip maker Atheros Corp for $3.2 billion. England-based Icera makes processors that are used in 3G and 4G mobile phone antennas. "This is a key step in Nvidia's plans to be a major player in the mobile computing revolution," Nvidia Chief Executive Jen-Hsun Huang said in a statement. Evercore Partners served as the financial adviser to Icera. Shares of the company were trading up 2 percent at $19.71 on Monday on Nasdaq in early trade. (Reporting by Himank Sharma in Bangalore; Editing by Sriraj Kalluvila) This story was corrected to change the value of the deal in paragraph 1 to $367 million from $327 million Technology Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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