BOSTON (06/29/2000) - Texas Instruments Inc. has agreed to purchase third-generation CDMA (Code Division Multiple Access) technology company Dot Wireless Inc., the company announced Thursday.
Texas Instruments will purchase the privately-held, 3-year-old company based in San Diego, California, for US$450 million in stock, said Jamie Anderson, a spokesman for Texas Instruments.
Anderson said he believes the acquisition will help Texas Instruments grow as the market moves from the second generation of digital phones in current use to third-generation -- called 3G -- technology, which will help cell phones support data transmission as well as voice.
Texas Instruments holds 60 percent of the market for programmable digital signal processors, the semiconductors used in cell phones, Anderson said. Dot Wireless's development and marketing of CDMA technology will give Texas Instruments broader reach into multiple wireless standards, he added.
Texas Instruments, based in Dallas, Texas, can be reached at +1-972-795-2011 or on the Web at http://www.ti.com/. Dot Wireless, based in San Diego, California, can be reached at +1-858-678-0889 or on the Web at http://www.dotwireless.com./