Wireless chip maker Broadcom is buying out Innovision Research & Technology for $47.5 million, according to businessweek.com.
Broadcom has reportedly acquired the short-range data communications company specifically for its NFC products and technology.
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The NFC Forum, a non-profit industry association aimed at advancing the global use of NFC technology, announced the winners of the NFC Forum Global Competition 2010 at the organization’s all-member meeting in Karlshamn, Sweden.