Oslo, Norway - July 8, 2022 - Nordic Semiconductor today announces that it has
entered into an agreement to acquire Mobile Semiconductor, a privately-held U.S.
company specializing in highly optimized embedded memory technology for
microcontrollers (MCUs) and Systems-on-Chip (SoCs).

Mobile Semiconductor has a market-proven track record of delivering ultra-low
power-performance-optimized, leading-edge static RAM (SRAM) memory technology
for various MCUs and SoCs. The company has long provided the RAM memory used in
all of Nordic's market leading wireless IoT devices including its nRF52 and 53
Series Bluetooth SoCs and nRF91 Series cellular IoT SiPs. 

Nordic regards ultra-low power operation a vital sustainability requirement in
IoT, and memory is becoming increasingly important given that IoT applications
are becoming ever more capable and high performance. Bringing this expertise
in-house will position Nordic extremely well for developing highly optimized
future products and maintain its industry-leading ultra-low power-performance
ratios.

Seattle-based Mobile Semiconductor was established in 2006 and currently has 10
employees.

The acquisition is expected to close during Q3 2022 pending U.S. government
approval. 


About Mobile Semiconductor
www.mobile-semi.com

For additional information, please contact:

Pål Elstad, CFO Nordic Semiconductor ASA, +47 991 66 293
Steel Ytterdal, Director of IR Nordic Semiconductor ASA +47 930 37 430

About Nordic Semiconductor: 
Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions,
from proprietary technologies for PC accessories to today's Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway. 

This information is subject to the disclosure requirements according to Chapter
5 in the Norwegian Securities Trading Act and Chapter 3 of Oslo Stock Exchange's
Continuing Obligations of stock exchange listed companies.