Greensboro-based RF Micro Devices Inc. (RFMD) (www.rfmd.com), a designer of radio systems and solutions for mobile communications applications, has signed an agreement to sell the majority of its Bluetooth assets to QUALCOMM for $39 million. The pending transaction is expected to provide QUALCOMM access to next-generation Bluetooth technology.
RFMD anticipates the transaction will enable it to increase its focus on its highest growth wireless business opportunities, including cellular transceivers, cellular power amplifiers, wireless local area network (WLAN) power amplifiers, global positioning system (GPS) components and Gallium Nitride (GaN) high power amplifiers.