Apple Buys Microprocessor Chip Firm; Possible Use With iPhone and iPods
By Rafat Ali - Tue 22 Apr 2008 10:44 PM PST
Apple (NSDQ: AAPL) has finally done something with its cash, although spending a tiny part of it, after much speculation of what it would do: it has bought a boutique microprocessor design company called PA Semi. The price, not disclosed, but the story says around $278 million in cash.
PA Semi, which is known for its design of sophisticated, low-power chips, could spell a new future for Apple’s flagship iPhone, and possibly iPod products as well, according to this Forbes story. The 150-person chip company was founded in 2003. Apple is slated to announced its Q108 earnings tomorrow.
Posted in: Companies, Apple, Mobile, VC+M&A, Mergers & Acquisitions
Tags: pa semi,
