Luke Tress is an editor and a reporter in New York for The Times of Israel.
Qualcomm, a major US tech company, has acquired Israel’s Cellwize Wireless Technologies, a maker of cloud and artificial intelligence-based software that can help speed up the deployment of 5G networks.
Qualcomm announced the deal on Thursday without disclosing financial details. Estimates put the price tag at around $350 million.
The US corporation is a leading producer of semiconductors, software and other solutions for mobile devices and wireless technology.
The San Diego-based company has been pushing the development and rollout of 5G, the faster and more powerful fifth-generation cellular network technology.
Cellwize specializes in 5G mobile network automation and management. Its software, including its flagship CHIME platform, allows mobile operators to automatically launch 5G networks with very little manual intervention.
Its 5G network deployment, automation and management software capabilities will contribute to Qualcomm’s 5G infrastructure, Qualcomm said in a statement announcing the deal.
Cellwize has previously partnered with Intel on 5G technology. The company has raised $56.6 million since its founding in 2012, according to Start-Up Nation Central.
Qualcomm has invested in Israeli technology before, including by acquiring DesignArt Networks for $150 million in 2012, Wilocity in 2014 for around $300 million, and investing in AnyVision in 2018.
Qualcomm invested $32 million in Cellwize in 2020 and has research and development centers in Haifa and Hod Hasharon. It trades on the Nasdaq exchange under the ticker QCOM and has a market cap of around $145 billion.
Supporting The Times of Israel isn’t a transaction for an online service, like subscribing to Netflix. The ToI Community is for people like you who care about a common good: ensuring that balanced, responsible coverage of Israel continues to be available to millions across the world, for free.
Sure, we’ll remove all ads from your page and you’ll gain access to some amazing Community-only content. But your support gives you something more profound than that: the pride of joining something that really matters.
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel ten years ago – to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Today’s Daily Briefing
Mazel tov! Coalition a year old; why Israel hit Syria airport
Coronavirus latest
A deep dive into Israel and the Jewish World
A 15-minute update on what’s happening in Israel and the Jewish world, from Sunday through Thursday
A podcast from the Shalom Hartman Institute’s iEngage Project that revives the lost art of Jewish debate for the sake of illuminating a topic, not sowing division.
promoted
Intellectually honest conversations unpacking current events through the lens of Jewish wisdom, from New York’s Stephen Wise Free Synagogue.
promoted
A weekly deep dive into the past, present, and future of the Land of Israel, the Jewish people, and beyond
