Intel To Sell Off, Not Spin Off, Mobile Unit
Jun 27, 2006, 11:59 AM by (staff)
Intel today announced it is selling its mobile chip unit to Marvell for $600 million. The chip maker has been looking for ways to tighten its focus on PC chips amidst declining profits. Intel mobile processors power Blackberries and HTC smartphones, but do not account for a significant portion of its business. Marvell makes chipsets for networking equipment like switches and routers as well as Wi-Fi. It does not have any cellular communications chipsets. Marvel will use the acquisition of Intel's current lineup as well as the mobile unit's staff to move into the cellular market. The deal is expected to close in the fourth quarter of this year.
Intel to Merge Mobile and PC Chip Businesses
Intel plans to combine its mobile chip business with its PC chip business so it can make its mobile chips more competitive. Intel has struggled against competitors Qualcomm and Samsung when it comes to supplying processors for smartphones and tablets.
Intel to Buy Lantiq to Further Internet of Things
Intel today said it has agreed to purchase Lantiq for an undisclosed sum. Lantiq, which is based in Germany, makes broadband and home connectivity equipment.
Intel Cancels Several Phone Chips
Intel said it will discontinue a handful of processors meant for smartphones and tablets as it continues to shift its business toward more profitable products. In particular, Intel has cancelled plans to sell three of its SoFIA processor-baseband combination chips.
Intel to Buy Altera for $16.7 Billion
Intel today said it has agreed to purchase Altera Corp. for $16.7 billion.
Intel to Allow ARM Chip Builders to Use Its Foundry
Intel today said companies that design and build ARM-based processors will for the first time be able to use Intel's manufacturing facilities to make them. Intel will allow its Intel Custom Foundry customers to use its 10nm FinFET process for ARM cores and Cortex series processors.