Ralink has finalized a merger agreement with MediaTek in a transaction valued at $616M. The combined entity will operate as MediaTek. In its announcement about the merger, MediaTek states, “We expect Wi-Fi connectivity to continue increasing in popularity in the portable consumer and enterprise electronics industries, as well as the digital home. Thus, MediaTek’s addressable market in game consoles, media players, tablets, and TVs will instantaneously expand with the addition of Ralink’s full line of Wi-Fi chips, including fixed, portable and mobile solutions; next generation innovations in technologies like 802.11 ac/ad and VDSL; and world-class customers.”