Wireless chip maker Broadcom is buying out Innovision Research & Technology for $47.5 million, according to businessweek.com.
Broadcom has reportedly acquired the short-range data communications company specifically for its NFC products and technology.
Just this past week, Innovision releases its new Topaz-512, a high memory NFC tag with the potential to “open the door for applications, including digital content delivery via smart posters,” according to the company.
Broadcom has yet to indicate what it plans to do with its acquisition, but analysts at research firm IDC are confident that the company will try to integrate NFC into its existing wireless solutions, including Bluetooth, 3G, GPS and Wi-Fi.
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