{"id":549333,"date":"2006-06-28T07:18:53","date_gmt":"2006-06-28T07:18:53","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/549333-intel-sells-processors-business.html"},"modified":"2006-06-28T07:18:53","modified_gmt":"2006-06-28T07:18:53","slug":"intel-sells-processors-business","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/549333-intel-sells-processors-business.html","title":{"rendered":"Intel sells processors business"},"content":{"rendered":"

Several US newspapers had reported this month that Intel was looking to sell the business, based on its Xscale technology. <\/font><\/p>\n

Intel’s communications and application processor business develops and sells processors for a variety of smart phones and personal digital assistants. <\/font><\/p>\n

Its customers include Motorola, Palm and Research in Motion, the Canadian group known for its Blackberry device. <\/font><\/p>\n

The spinoff will allow Intel "to focus its investments on its core businesses," the Santa Clara, California-based company said in a joint statement with Marvell. <\/font><\/p>\n

Among those core activities are processors for mobile computing, including Wi-Fi and WiMAX broadband wireless technologies, it said. <\/font><\/p>\n

The business being sold employs about 1,400 people and "the vast majority" of them will become employees of Marvell, the companies said. <\/font><\/p>\n

The transaction is expected to close in "approximately four to five months", subject to regulatory approval. <\/font><\/p>\n

Intel said it expected to be paid in cash for the business, but also has the option to receive up to 100 million dollars, a sixth of the price, in Marvell shares. <\/font><\/p>\n

Marvell, also headquartered in Santa Clara, is a developer of storage, communications and consumer computer chip solutions, including storage networking. <\/font><\/p>\n

The group, headed by Sehat Sutardja, said it would take a charge for the acquisition but has not yet determined the amount. <\/font><\/p>\n

INet-Bridge<\/font><\/i><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Intel, the world’s leading chip maker, has said that it had agreed to sell its processor business that supplies cell “smart” hand-held devices to US company Marvell for 600 million dollars. <\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-549333","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/549333"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=549333"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/549333\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=549333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=549333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=549333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}