AT&T announced its latest acquisition on Wednesday, this time a chipmaker.
The move marks the biggest acquisition in tech history for the telecom giant, which previously controlled some of the top chipmakers including AMD.
The deal will combine the company’s chips with those of TACOSA, a Taiwan-based semiconductor company.
AT&t said it expects the deal to close by the end of the year, and that it will continue to focus on building its chip business.
The transaction also marks the culmination of AT&.t.’s strategy to move beyond just selling chips and will bring greater benefits to its wireless service providers and customers.AT&.t. and TACOAS are developing chips that can control and control a smartphone or other mobile device remotely, with a view to creating self-driving cars.TACOSAM, which is headquartered in Taipei, has more than 200 employees and was founded in 2005.
Its chips are designed for a range of products ranging from smartphones to laptops and home automation systems.
The company has a long history of producing chip products for Apple and Samsung.
t. said it will focus on the company in the coming years.
“We will continue developing new products for AT& t. and are excited to work closely with them on new products,” said Paul Vigna, president of the Americas division of T& t., a unit of AT >.
The deal is expected to close in the fourth quarter of 2019.
AT.t and T<.s share of the chip market fell to a record low of 5.2% last year.
It has seen a slight uptick since then, though, as chipmakers continue to ramp up production.
ATA.t., the world’s largest chipmaker, reported a quarterly profit of $10.6 billion, or 14 cents per share, on revenue of $34.4 billion.