Connect with us

Hi, what are you looking for?

Jewish Business News


Qualcomm to acquire Wilocity for $300 million

The Caesarea-based company is developing high-speed 60-Gigahertz multi-gigabit wireless.


Sources inform ”Globes” that Qualcomm Corporation (Nasdaq: QCOM) will acquire high-speed wireless chipset developer Wilocity Ltd. for more than $300 million. Qualcomm has been seeking to acquire an Israeli company in this sector for a long time. It previously invested in Wilocity, has sits on its board of directors.

Wilocity CEO Tal Tamir, COO Dany Rettig, VP communications architecture Gal Basson, and VP products and sales Jorge Myszne founded the company in 2007. The company, based in Caesarea, is developing 60-Gigahertz multi-gigabit wireless chipsets based on the newly completed WiGig standard for the mobile computing, consumer electronics and peripheral markets. The technology is designed for short-range communications within the home or office, and can support data rates of 1.5 Gbps, potentially ten times faster than the previous local wireless network standard n11 (WiFi). This means that, in theory, a 2-gigabyte HD movie can be downloaded in seconds between computers.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Wilocity has raised $105 million to date from Benchmark Capital,  Sequoia Capital,  Vintage Investment Partners, Tallwood Venture Capital, and strategic investors, Atheros (now part of Qualcomm), Cisco Systems Inc. (Nasdaq: CSCO),  Marvell Technology Group(Nasdaq: MRVL), and two Taiwanese companies – AzureWave Technologies Inc. (Taipei:3694) and Pegatron Corporation (Taipei:4938).

Cisco participated in Wilocity’s last financing round of $35 million in late 2013, as part of a general collaboration between the companies. Cisco, which sold its consumer electronics equipment business in early 2013, will use Wilocity’s chipsets in enterprise computing solutions.

Wilocity’s breakthrough came in 2013, when its products were embedded in several Dell Inc. (Nasdaq: DELL) laptop models. Wilocity is targeting the smartphone market; according to VP marketing Mark Grodzinsky, the company plans to have a product ready by the end of this year.

For the PC communications equipment market, Wilocity had to provide a chipset that also operated on the 2.4-GHz and 5-GHz short-range frequencies that WiFi and Bluetooth, respectively, are based on. The company aims to produce a tri-band chipset for next-generation PCs.

In order to make the new technology the industry standard, Wilocity helped found and now heads the Wireless Gigabit Alliance (WiGig) in 2009. Members include industry giants Broadcom Corporation (Nasdaq: BRCM), Dell, Intel Corporation (Nasdaq: INTC), Marvell, Microsoft Corporation (Nasdaq: MSFT), NEC Corporation (TSE: 6701), Nokia Corporation (NYSE; OMX: NOK), Qualcomm, and Samsung Electronics Co. Ltd. (KSX: 5930; LSE: SMSN).

Qualcomm said in response, “No comment”, and Wilocity was unavailable for comment.

Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.