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M&A Deal Summary

Qualcomm Acquires Clay AIR

On November 23, 2021, Qualcomm acquired software company Clay AIR

Acquisition Highlights
  • This is Qualcomm’s 13th transaction in the Software sector.
  • This is Qualcomm’s 24th transaction in the United States.
  • This is Qualcomm’s 15th transaction in California.

M&A Deal Summary
Date 2021-11-23
Target Clay AIR
Sector Software
Buyer(s) Qualcomm
Deal Type Add-on Acquisition
Advisor(s) Corum (Financial)

Target

Clay AIR

Los Angeles, California, United States
Clay AIR developed the only hardware agnostic hand tracking technology that enables hardware and software providers to offer their users immersive and natural interactions with digital or virtual assets without compromising the experience’s precision and performance. Clay AIR hand tracking technology is the result of over 10 years of research in artificial intelligence, computer vision and user experience. Over the last 5 years, Clay AIR has partnered with some of the largest OEMs to commercialize a new layer of interactivity, developing software solutions with industry leaders such as Qualcomm, Lenovo, Bose, Renault, Faurecia, Nreal, and more. Clay AIR was formed in 2014 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Qualcomm

San Diego, California, United States
Category Company
Founded 1985
Sector Semiconductors
Employees50,000
Revenue 35.8B USD (2023)
DESCRIPTION
Qualcomm's corporate headquarters in San Diego, California.
Qualcomm's corporate headquarters in San Diego, California.

Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.

DEAL STATS #
Overall 36 of 37
Sector (Software) 13 of 13
Type (Add-on Acquisition) 32 of 33
State (California) 15 of 15
Country (United States) 24 of 24
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Veoneer

Stockholm, Sweden

Veoneer is an automotive technology that designs, develops, and manufactures state-of-the-art software, hardware, and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Veoneer was formed in 2017 and is headquartered in Stockholm, Sweden.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Cellwize

Tel Aviv, Israel

Cellwize is a provider of mobile optimization solutions. The Company develops and delivers SON solutions across vendors and wireless technologies. elastic-SON® transforms rigid, physical networks into adaptive and responsive “organisms” that continuously match capacity, coverage and quality with evolving usage patterns. Cellwize was founded in 2012 and is based in Tel Aviv, Israel.

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