October 21, 2024 /SemiMedia/ — Nordic Semiconductor announced that it has agreed to acquire UWB (ultra-wideband) specialist chipmaker Novelda for an undisclosed sum.

The companies have signed a letter of intent (LOI), with the acquisition subject to satisfactory due diligence, final board approvals, and certain other conditions. The due diligence process is expected to be completed by the end of November.

Novelda has established a strong technological position in the ultra-wideband sector and is in the early stages of commercialization. Its expertise in using UWB radio frequencies for sensing, such as occupancy detection, complements Nordic’s position in low-power wireless communication.

Founded in 2004, Novelda focuses on delivering the world’s most accurate, intelligent, and reliable human presence detection sensor solutions. The company’s UWB short-range pulse radar sensors enable new levels of user experience and interactivity across various indoor applications, including consumer electronics and smart building systems. Its technology complies with global UWB regulations and is protected by multiple patents.