San Diego Business Journal

Qualcomm Buys Silicon Valley Firm

By Mike Allen Tuesday, June 19, 2012

Qualcomm Inc. said it acquired Summit Microelectronics, a developer of programmable integrated circuits based in Sunnyvale, for an undisclosed price.

Qualcomm said its power management roadmap will be significantly enhanced with the addition of Summit’s expertise and products.

All of Summit’s employees are joining Qualcomm’s CDMA Technologies division, the company said.

Steve Mollenkopf, president of Qualcomm, said Summit’s technology and design wins in battery charging will improve Qualcomm’s chipset solutions, and provide its customers with power management and charging performance, particularly for the growing group of smartphones and other devices with advanced computing capabilities.

Summit is a leading provider of integrated power management solutions that combine power regulation with digital control in a single chip, Qualcomm said.