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Electronics Production | May 31, 2006

Fujitsu acquires Wi-LAN Inc.

Fujitsu Microelectronics acquires Canadian Wi-LAN Inc. for $2 million.

"Closing this deal with FMA is the last internal milestone in the transformation of Wi-LAN into a pure patent licensing company", said Hatim Zaghloul, chairman of Wi-LAN (Calgary, Alberta), in a statement. "Wi-LAN can now build on the recent addition of James Skippen as CEO, and the filed lawsuit against D-Link Canada, to license and protect its portfolio of key communications patents. This agreement is not only a sale agreement; it is a license agreement with future royalties at the same time", he added. "We have collaborated with Wi-LAN since 2002 as we have together advanced WiMAX technology. We are pleased to continue working with Wi-LAN's talented engineering team and wish Wi-LAN success as the company moves to its new business model," said Kazuyuki Kawauchi, president and CEO of Fujitsu Microelectronics America, in a statement.
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