A hybrid wireless and wired system distributes precise timing and synchronization information among the nodes over a wired interconnect structure while data is transmitted wirelessly using ultra-wideband radio over short distances. The timing information communicated over the wired interconnect structure is used to establish a baseline timing reference for the wireless transmitters, receivers and transceivers on the nodes of the communication network. Using a common timing reference, a mesochronous communication system is established for chip-to-chip wireless data transmission.