U.K.'s picoChip wins WiMax deal with China's ICT
U.K. wireless chip designer picoChip Designs Ltd. has signed a deal with the Chinese Academy of Sciences' Institute of Computing Technology (ICT) to help develop the WiMax wireless networking market in China, it said Monday.
ICT is adopting picoChip's WiMax reference designs and PC102 processors so it can develop a WiMax system to sell to local telecommunications providers, the company said. WiMax is a standards-based technology for delivering the last mile of wireless broadband access, serving as an alternative to cable or DSL (digital subscriber line).
PicoChip beat out other players on the ICT bid such as Intel Corp. and Analog Devices Inc., according to picoChip's Vice President of Marketing Rupert Baines.
"I believe we are leading the architecture for WiMax," Baines said.
He declined to say how much the deal was worth, but categorized it as "very significant," adding that although it was valued at less than