Qualcomm has announced that it will acquire video processing technology to strengthen its own offerings.
The company revealed that it has signed an agreement with Integrated Device Technology (IDT), under which IDT will transfer the design teams behind Hollywood Quality Video (HQV) and Frame Rate Conversion (FRC) Video Processing product lines to Qualcomm.
Qualcomm also stated it has acquired other related assets from IDT as part of the deal. The companies failed to disclose the financial details of the deal, but revealed that it was an all-cash deal, which has corporate approval from both sides.
Under the terms of the deal, the companies will also work together to integrate IDT’s mixed-signal product offerings into Qualcomm’s reference designs.
"Hollywood Quality Video is a well-recognised, award-winning technology that provides Qualcomm with a leadership position in the video processing space," said Executive Vice President and Group President, Qualcomm, Steve Mollenkopf.
"Media consumption continues to cross device boundaries and create growing expectations for high-quality viewing experiences. When combined with Qualcomm's high-performance Snapdragon processor, integrated HQV technology will raise the quality bar for media consumption on smartphones, tablets and other smart media devices. We look forward to working with IDT in the future," he added.