Qualcomm, the American chip manufacturer, is planning to acquire Israel’s Cellwize Wireless Technologies, a provider of mobile network automation technology. According to Calcalist a deal is in the works for as much as $300 million. The company brings mobile access automation for 5G networks with “Chime” its cloud-native, AI-driven, open platform.
Qualcomm is already an investor in Cellwize, having taken part in that company’s $32 million Series B round of funding which was held in November 2020. “While large companies have traditionally been more dominant in the RAN market, 5G is changing the landscape for how the entire mobile industry operates,” said Ofir Zemer, Cellwize’s CEO at the time of the raise.
Qualcomm also provides 5G tech, including 5G-enabled smartphones that double as pro-level cameras and gaming devices, smarter vehicles and cities, and the technology behind the smart, connected factories. The company boasts that its powerful connectivity solutions keep people connected—even in remote areas.
So it makes sense that Qualcomm would want to take over Cellwise.
5G, 5G, 5G, we hear so much about 5G these days. But what is it and why is it important?
Basically 5G is the new wireless technology for mobile communications intended to deliver a greater amount of data transfers at faster speeds. It is more reliable and offers a higher performance and improved efficiency over its predecessors.
It’s called 5G because it is the fifth generation of this tech. It is 100 times faster than 4G. So imagine your cell phone no longer taking a long time to download information.
And no, 5G definitely has nothing to do with the spread of the Covid Virus!
Cellwize says that Chime enables mobile network operators (MNOs) to automate the configuration, management, and optimization of networks and services, even in the most complex and dynamic network environments. With an advanced set of APIs they can connect to any application and any vendor, as well as co-create on top of the platform.