
For $600m in cash, chip maker
Marvell Technology will acquire Intel's underperforming XScale business. XScale processors are commonly used in handheld gadgets, including most current Windows Mobile devices, the RIM BlackBerry 8700 and the Motorola Q. From the
press release:
Quote:
After the close of the transaction, Intel intends to continue manufacturing products currently sold by this business for handheld devices and embedded applications, and to manufacture products that are being designed into upcoming devices. This arrangement is expected to continue while Marvell arranges other manufacturing resources. Intel and Marvell do not anticipate disruptions in the supply of these products due to this planned sale.
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[via
The Street]