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Qualcomm to Buy San Diego Chip Designer

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Jun 10, 2011, 7:25 AM by Eric M. Zeman

Qualcomm today announced that it has agreed to acquire the assets of a company called Rapid Bridge. Rapid Bridge, a San Diego neighbor of Qualcomm's, created an advanced and more efficient way to design and develop chips. Its technology makes it easier to design chips, as well as more efficient to manufacture them. Rapid Bridge's technology and assets will be added to Qualcomm's CDMA development team. The acquisition is scheduled to close before the end of the year.

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