US tech giant Qualcomm acquires Israel’s Cellwize for around $350 million

San Diego-based wireless corporation snaps up Israeli firm to boost deployment of 5G technology

Luke Tress is an editor and a reporter in New York for The Times of Israel.

Illustrative. A mobile phone connected to a 5G network. (AndreyPopov; iStock by Getty Images)
Illustrative. A mobile phone connected to a 5G network. (AndreyPopov; iStock by Getty Images)

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.

read more:
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure:
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.