Goodix acquires cellular IP company CommSolid
Goodix Technology has acquired cellular IoT company CommSolid to accelerate the development of its System-on-Chips (SoCs) for secure, low power wireless solutions. The acquisition was announced at Mobile World Congress (MWC) 2018, and will allow Goodix to target new applications in smart homes, transportation, logistic systems, and industrial segments.
CommSolid’s baseband intellectual property runs on integrated circuits (ICs) to enable smart applications, according to the announcement.
“We will continue to put emphasis on research and development, broadening our product portfolio and bringing diversified innovative solutions to our customers around the world. The CommSolid acquisition will enhance our offering for the IoT market and bring additional capabilities to the benefit of our customers.” said David Zhang, the Goodix CEO.
The companies note that the number of NarrowBand IoT (NB-IoT) nodes could reach 450 million by 2021, according to IHS Markit, and Technavio forecasts the NB-IoT market will grow at a 61 percent CAGR from 2017 to 2021.
“Goodix is very well positioned to gain significant share in the emerging IoT market which provides an exciting opportunity for us. Joining forces with Goodix will enable the creation of highly optimized connected sensor solutions that the market demands. The two companies also share the common vision to bring customer value through constant innovation.” said Matthias Weiss, Managing Director of CommSolid.
Goodix is also demonstrating its second-generation optical under-display fingerprint technology at MWC 2018, and says it will be commercialized on a large scale by top-tier global smartphone brands.