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Nvidia just acknowledged the acquisition of England-based Icera who specializes in baseband and RF processors for smartphones and tablets. Nvidia already makes Tegra application processors but with the new acquisition, which cost Nvidia $367 million in cash, will help the company to double its revenue opportunity and also enable its OEM customers reduce the time-to-market for the devices.

Icera innovates with multi-protocol wireless baseband processors with RF components that helps manufacturers support 2G to 4G networks since the baseband is software-based.