Qualcomm, which creates chips for mobile devices, recently completed an acquisition of Israeli start up DesignArt Networks.

The mobile software company reported that DesignArt Networks, which is located in Raanana, has a design that allows system-on-chip platforms that can boost wireless data capacity in mobile networks, which could increase business operations in the mobile supply chain.

"DesignArt offers system-on-chip (SoC) and software products that enable the design of indoor and outdoor small cell base stations and remote radio heads, which allow operators to expand the data capacity of their networks in a simple and cost-effective manner," a Qualcomm representative said. "DesignArt's technology also offers integrated line-of-sight and non-line-of-sight wireless backhaul to reduce the cost of outdoor small cell deployments."

Globes reported that DesignArt Networks will become a part of the Qualcomm Atheros Division. This marks the first acquisition for Qualcomm in Israel. The company acquired a mobile web company in 2010 for more than $50 million.

This acquisition comes after Qualcomm recently announced its support and confidence in the economy of Israel.