NVIDIA announced that it will acquire baseband processor provider, Icera, for $367 million in cash.  The acquisition is expected to be completed in 30 days.  UK-based Icera makes baseband processors used in smartphones and tablets.  The acquisition of the baseband processor chipset maker will complement NVIDIA’s current application processor products and expand NVIDIA’s access to the smartphone and tablet market.  According to NVIDIA, the worldwide baseband processor market is  currently worth an estimated $15 billion.  NVIDIA’s press release about the acquisition also highlighted Icera’s patent portfolio,  numbering 550 issued and pending patents.