Qualcomm Inc. (Nasdaq: QCOM) is buying Ikanos Communications Inc. (Nasdaq: IKAN), a networking semiconductor and software provider, for about $47 million.  

The Fremont, California-based company provides semiconductor products and software for broadband. Qualcomm, headquartered in San Diego, provides 3G, 4G and next-generation wireless technologies. The buyer made the acquisition through subsidiary Qualcomm Atheros. 

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