Despite the flop that was Flow TV, Qualcomm does not seem ready to let go of mobile video, announcing today that it had picked up assets from Integrated Device Technology, Inc., (IDT) including the firm’s Hollywood Quality Video design team and Frame Rate Conversion (FRC) Video Processing product lines.

A press release said Qualcomm had signed a definitive agreement with IDT, but terms of the agreement were not publicly disclosed, although it was confirmed to be an all-cash transaction.

The two firms will also be looking at ways to integrate IDT’s portfolio of mixed-signal products into Qualcomm reference designs and the deal is set to close over the coming weeks.

Qualcomm’s executive vice president, Steve Mollenkopf, said that combining IDT’s assets with Qualcomm’s Snapdragon processor, would “raise the quality bar for media consumption on smartphones, tablets and other smart media devices.”

Meanwhile, IDT will be able to focus in on other business units including interface and analog-intensive mixed-signal offerings for cloud computing, wireless infrastructure and consumer mobility.