“Apple has finalized a deal to acquire a small chip company called Intrinsity, Apple confirmed,” Vance and Stone report. “Intrinsity, of Austin, Tex., made a name for itself by creating a fast chip for mobile devices in cooperation with Samsung, both a partner and competitor to Apple. Many experts in the chip industry have speculated that Apple relied on Intrinsity’s chip as the basis for the main engine behind its new iPad… Intrinsity’s Hummingbird product is thought to be the main computational engine behind the A4.”
“‘Apple buys smaller technology companies from time to time, and we do not comment on our purpose or plans,’ said Steve Dowling, a spokesman at Apple,” Vance and Stone report. “Tom R. Halfhill, an analyst with Microprocessor Report, said he believed the acquisition price was $121 million.”
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