Nokia To Sell Modem Business To Renesas And Refocus On Core Offerings

Posted: Jul 6 2010, 8:07am CDT | by , Updated: Aug 12 2010, 12:14am CDT, in News | Mobile Phones


/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";
Buy Nokia Modem from Amazon Prime Day, Amazon Cyber Monday and Black Friday Now

Nokia has announced that it is selling off its modem business in an effort to refocus on its core offerings. Those core offerings are presumably its handset business, which has been lacking of late.

Nokia will sell its LTE, HSPA, and GSM modem operations to Renesas Electronics. Renesas has been licensing the Nokia modem since 2009. Renesas says that the purchase will make it one of the leading chipset vendors in the 3D and LTE market.

Renesas and Nokia will continue to develop new modem technology together. The deal is worth about $200 million and is expected to close in Q4 2010. The deal does have to go through regulatory approval.

You May Like


The Author

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at




Leave a Comment

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Also Like


Read the Latest from I4U News