Legit News
Marvell Buys Intel Processor Unit For $600 Million
Intel agreed to sell a division that makes processors for handheld devices to Marvell for $600 million. Not a small chuck of money by any means. Watch out Intel is trying to turn into a lean fighting machine to take on AMD!
The price is expected to be all cash, although Intel has an option to receive up to $100 million of it in Marvell common stock. Intel's communication and application processor business employs about 1,400 people, the "vast majority" of which will be transferred to Marvell. The deal should close within five months, the companies said. Intel's operation manufactures processors used in Research in Motion's BlackBerry 8700, the Palm Treo and the Motorola Q, among other things.
Posted by | Tue, Jun 27, 2006 - 08:35 AM
Search
Hot Topics
- Nvidia's fermi
- My Favorite Website
- How to print my daughters’cell phone text messages out?
- friend needs help
- How to convert and edit video/audio files for iPod
- Problem installing XP
- Logitech MX 1100 Cordless Laser Mouse $19.99 after MIR
- Pick-A-Proc
- 63% of U.S. Shoppers Will Spend Less this Holiday Season
- Red Box iPhone App Saves Money - With Just a Click!