Renesas Electronics and Nokia have announced that they are forming a strategic business alliance to develop modem technologies for HSPA+/LTE (Evolved High-Speed Packet Access / Long-Term Evolution) and its evolution. As a part of this alliance, the companies have entered into an agreement whereby Renesas Electronics is to acquire Nokia's wireless modem business. The alliance is planned to be enhanced by a long-term joint research cooperation on future radio technologies.
The planned transfer of Nokia's wireless modem business is claimed to enable Renesas Electronics to maximise the value of Nokia's technology assets and engineering expertise in delivering advanced mobile platform solutions to the market by combining them with Renesas Electronics' multimedia processing and RF technologies. The wireless modem business to be transferred to Renesas Electronics includes Nokia's wireless modem technologies for LTE, HSPA and GSM standards. Nokia transfers Renesas Electronics certain patents related to the transferred technology asset. The planned transfer would also include approximately 1100 Nokia R&D professionals, a vast majority of whom are located in Finland, India, the UK, and Denmark.
