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.