Qualcomm has acquired Summit Microelectronics, a developer and provider of programmable power integrated circuits. Financial terms were not disclosed.

Summit Microelectronics is provides flexible, highly integrated power management solutions combining precision power regulation with digital control in a single chip. In particular, the company?s fast charging solutions are found in a variety of leading mobile phones, tablets, and e-readers.

"Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters," said Steve Mollenkopf, president and COO of Qualcomm. "This acquisition enhances the competitiveness of Qualcomm's chipset solutions and enables us to provide our customers with industry leading power management and charging performance."

All employees of Summit Microelectronics have joined Qualcomm's CDMA Technologies division, Qualcomm said.