Apple put some of the vast $28 billion in cash and short-term investments it has socked away to good use this week by raising its stake in Imagination Technologies. The $5.16 million investment nearly triples Apple’s original 3.6 percent stake, giving it 9.5 percent ownership of the British chip designer whose PowerVR graphics technology figures prominently in the iPhone and iPod touch.
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Intel and Taiwan Semiconductor Manufacturing Co. are scheduled to announce a strategic partnership later today, one that could see Intel outsourcing some chip production to TSMC, the world’s biggest chip foundry. Details on the alliance are slim, but reports in Chinese media and elsewhere suggest it will involve Intel’s popular Atom microprocessor.
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Intel’s putting the mobile phone market on speed dial. Two years after selling off its chip business for mobile handhelds and cellphones to Marvell, the world’s largest chip-maker is turning its attention once again to the mobile phone market with dollar signs in its eyes.
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Apple’s finally found a worthy use for the more than $18 billion in cash and short-term securities gathering dust on its balance sheet. The company’s acquiring P.A. Semi for about $278 million in cash.
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