NVIDIA To Acquire Icera For $367 Million

Posted May 11, 2011

NVIDIA Corporation (NASDAQ:NVDA) has acquired Icera, a company that builds broadband processors for 3G and 4G cellular phones and tablets, for $367 million. This is NVIDIA’s second largest acquisition after buying Portal Player in 2006. Now NVIDIA will be able to provide application and baseband processors to OEM customers. This will essentially help NVIDIA double their revenue opportunities. [InformationWeek]