Wireless dealmaking has remained a fairly bright spot during the recession, according to an overview of venture investment and M&A in the industry released today by Rutberg & Co. The boutique investment bank focuses on digital media and wireless deals, and says it’s seen the dollar amount of deals in the wireless industry fall to $1.2 billion, a 43 percent drop from the first half of 2008. The number of deals, meanwhile, fell 31 percent, to 121. The most active investors in the space? Qualcomm (s qcom) and Intel (s intc).
Qualcomm is defending its mobile turf against Intel’s encroachment, and strategic investments appear to be a weapon both are deploying in an attempt to get an edge. Read More about Intel and Qualcomm Are Dueling With Dollars