San Diego Business Journal

Qualcomm to Acquire Semiconductor Design Firm

Friday, June 10, 2011

Qualcomm Inc. said June 10 it agreed to acquire substantially all the assets of Rapid Bridge LLC, a San Diego-based inventor of advanced techniques for designing and making semiconductor products. Terms of the transaction weren’t disclosed.

Rapid Bridge’s technology reduces complexity in integrated circuit development, according to a press statement.

The firm’s local design team and its San Diego/India engineering services operation will be integrated into Qualcomm’s CDMA Technologies unit. The acquisition is expected to close by the end of September, Qualcomm said.

— Mike Allen