Cisco, NXP invest in Australian wireless communication firm Cohda

US networking equipment maker Cisco Systems Inc (NASDAQ:CSCO) and Dutch chip maker NXP Semiconductors NV (NASDAQ:NXPI) said today that each had put an undisclosed amount into Australian wireless communication specialist Cohda Wireless Pty Ltd.

The target, which is based in Kent Town, manufactures hardware products and has developed complete software solutions for automotive safety applications in the intelligent transport systems (ITS) market. Its products are being used in the US, Europe, Australia, Japan and Korea.

Combining their expertise and technologies, the three companies will develop a complete market-ready solution for the automotive and ITS industry.

NXP and Cohda Wireless have already created a market-ready, wireless communication solution for onboard-units based on Cohda’s existing radio and NXP’s software-defined radio technology.

Under the terms of the deal, NXP will exclusively license the Cohda 802.11p technology together with its chipsets to automotive customers. In addition, Cohda will be NXP’s preferred partner for automotive 802.11p reference designs.

Apple not interested in acquiring Israeli social app maker Waze — report

US technology giant Apple Inc (NASDAQ:AAPL) does not plan to acquire Israeli social mobile applications provider Waze Ltd, CNET said quoting a knowledgeable source.

The report follows speculations that the parties were in takeover discussions.

TechCrunch, which cited insiders, said on Wednesday that the US firm was proposing USD400m (EUR306.6m) in cash and earn-out payments of USD100m, although the target was hoping to pocket USD750m. Later the news agency reported that there was no deal.

The rumours about Waze and Apple also follow a statement by analyst Hans Slob of Rabobank International a month ago who claimed that there was a 30% chance of the US firm proposing to buy Dutch portable navigation devices (PNDs) maker TomTom NV (AMS:TOM2).