British Microchip designer CSR has commented that they will be acquiring NordNav for $40 million and Cambridge Positioning Systems for $35 million to develop a new all-in-one chip that will deliver GPS and Bluetooth services in mobile devices.
The technology will be the first of its kind and will be so effective that it can be used indoors. Moreover the chip will also be cheaper for the handset manufacturers rather than integrating both the chips in the device.
The device will be a boon for the worried parents as they will be able to track their children and also help the paramedics easily identify and reach the causalities.
The company also stated that the new chip will cost just a dollar above the normal cost of a Bluetooth chip and some mobile makers have already shown keen interest in the technology.
CSR has stated that they will be able to bring the first prototype to the market by the first half of 2008.