Tuesday, May 5, 2015

Nvidia to wind down Icera modem operations

- Nvidia Corp (NVDA.O) said it would wind down its Icera modem operations, and was open to a sale of the technology or operations. The company said it expects to wind down the operations in the second quarter of fiscal 2016.Nvidia said it expects to partner with third-party modem suppliers, and will no longer develop its own.The company completed the acquisition of Icera Inc for $352.2 million in June 2011. (Reporting by Devika Krishna Kumar in Bengaluru; Editing by Sriraj Kalluvila)

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