Qualcomm Acquires Wilocity Chipmaker For $300M

July 3, 2014 | The American global semiconductor company Qualcomm acquired chipmaker Wilocity for $300 million. Qualcomm hopes to use Wilocity’s WiFi chips to provide faster wireless technology in more of the company’s devices. Wilocity has developed a new kind of WiFi chip called WiGig that runs on a high radio frequency, 60 gigahertz to be exact, working several times faster than standard WiFi. Wilocity was founded in 2007 by CEO Tal Tamir and COO Dany Rettig with the goal of eliminating cords and connectors for high-speed connectivity and data transfers, from tablets to TV for instance. The company is based in California with the majority of its employees in Israel.