Texas Instruments will acquire Chipcon, a company in the design of short-range, low-power wireless RF (radio frequency) transceiver devices. TI agreed to pay approximately $200 million for Chipcon. The transaction is expected to be complete in January 2006. With a combination of standards-based and proprietary products, Chipcon radio technology can be found in consumer applications like wireless keyboards and gaming accessories, as well as in security systems and automatic meter reading systems in the home and building automation market. Chipcon's CC2430 is a true System-on-Chip ZigBee solution. Chipcon also provides customers with the industry-leading ZigBee-compliant protocol stack, the Z-Stack, which was acquired when Chipcon purchased Figure 8 Wireless in January 2005. Chipcon will become a wholly-owned subsidiary of TI and will continue to operate from its Oslo, Norway headquarters. Its other facilities include a software design center in San Diego, California; and sales offices in New Hampshire, Germany, Hong Kong, and Tokyo. The company employs about 120 people.