In an effort to offer short-range wireless solutions, Texas Instruments Inc. (TI) purchased Chipcon in late December for $200 million. Chipcon designs short-range, low-power radio frequency transceiver devices. Its technology is found in wireless keyboards as well as in security systems and automatic meter reading systems in the home and building automation market. The deal is expected to be finalized in January. Chipcon will become a wholly-owned subsidiary of TI and will continue to operate from its Oslo, Norway headquarters.
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