Tuesday, June 27, 2006
Marvell Purchases Intel's XScale Product Line
Posted by Darius Wey in "NEWS" @ 08:24 AM
"Marvell Technology Group, Ltd. and Intel Corporation today announced that they have signed an agreement for Intel to sell its communications and application processor business to Marvell for a purchase price of $600 million plus the assumption by Marvell of certain liabilities. The planned sale will give Marvell a strong presence in the growing market segment for processors used in smart handheld devices. The sale also will enable Intel to focus its investments on its core businesses, including high-performance, low-power Intel Architecture-based processors and emerging technologies for mobile computing, including Wi-Fi and WiMAX broadband wireless technologies. The transaction is expected to close in approximately four to five months and is subject to regulatory review and other normal closing conditions."
Earlier in the month, Janak posted on reports of Intel possibly selling their XScale product line to another company. A press release published today confirmed it. So, what does this mean for our beloved XScale? Not much. Intel will continue to manufacture the processors and supply them to device manufacturers during the transition period, and after the takeover, Marvell is expected to continue active development and production. And if all else fails, we can always rely on Samsung and Texas Instruments to deliver the goods.
Earlier in the month, Janak posted on reports of Intel possibly selling their XScale product line to another company. A press release published today confirmed it. So, what does this mean for our beloved XScale? Not much. Intel will continue to manufacture the processors and supply them to device manufacturers during the transition period, and after the takeover, Marvell is expected to continue active development and production. And if all else fails, we can always rely on Samsung and Texas Instruments to deliver the goods.
