San Diego-based Qualcomm Inc. acquired the Israeli chip manufacturer start-up DesignArt Networks for more than $150 million.

The Israeli company, located in Raanana, is considered a leader in the design of modems and small communication cells for cellular base stations and high-speed wireless backhaul infrastructure.

“DesignArt and its products will both enhance and accelerate our initiatives to drive increased capacity and coverage in mobile networks,” Qualcomm President Craig Barratt said in a statement. “Operators can significantly improve user experience across residential, enterprise and outdoor networks given the greater network efficiencies derived by implementing small cells and heterogeneous networks.”

The sale, which was completed last week, is Qualcomm’s second acquisition in Israel following the buyout of the mobile web company iSkoot in 2010, Yahoo Finance reported.

DesignArt specializes in developing data-centric mobile radio access networks coupled with highly integrated system-on-chip technology.

The deal will allow Qualcomm to offer new system-on-chip and mobile offerings, according to PT-News.org. It comes two months after another Israeli start-up, Face.com, was acquired by Facebook for more than $100 million.

This is a moment of great uncertainty. Here’s what you can do about it.

We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.

This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.

With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.

The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.

Don't just read the Forward - invest in it. Make a matched gift today.

Support our mission to tell the Jewish story fully and fairly.

$120 $180 $360 OTHER AMOUNT