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Posted on 06.28.06 by Nikhil @ 4:16 am
Intel is not abandoning wireless, but the company has decided to move out of the cellular phone market. Intel just announced that it will sell its communications and applications processor business to Marvell Technology for $600 million in cash. Marvell will acquire Intel’s Xscale technology, which includes the “Hermon” processor that is used in the popular Blackberry 8700 device. The company will also now own the “Bulverde” processor that is used in the new Q smartphone from Motorola as well as in the Palm Treo handhelds, among others. The reason for the decision: Intel has struggled in the mobile phone market since 1998 and has not been able to gain market share against big competitors such as Qualcomm, Texas Instruments, Broadcom and Freescale. The company, which has been losing market share in its PC business as well, to AMD, has been talking about a restructuring Intel is still a big player in Wi-Fi and provides wireless Internet access through its Centrino mobile platform for notebook PCs. The company is also a big supporter of WiMax, a higher speed technology that will begin picking up steam later this year. You can read more in TechWorld.com. Filed under: Stock Watch Comments:
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