Nvidia is the latest company to cut down in the ultra-competitive cellular chip business, announcing yesterday that it will “wind down” its Icera modem unit.
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Chipmaker is opting out of cellular modem business
The California based chip maker said it is “open to a sale of the technology or operations,” even though it must have looked into such options before deciding to announce plans to shut down the unit.
Nvidia headquarters
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The California based chip maker said it is “open to a sale of the technology or operations,” even though it must have looked into such options before deciding to announce plans to shut down the unit.
Companies like Texas Instruments and Broadcom have left parts of the cellular chip business in recent years, and even market leader Qualcomm is already facing strong competition from Samsung and a host of other Chinese rivals.
Nvidia bought Icera in 2011 as a component of an effort to offer both modems and its Tegra processor. These day though, the company is more focused on the video game, automotive and cloud computing markets rather than phones or tablets.
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The Icera section has about 500 employees who are located mostly in France and the UK, and Nvidia says it will make the financial implications known at its earnings call this Thursday.
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