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Apple buys chipmaker Intrinsity

A month after the rumors first started flying, Apple finally confirmed that it has indeed purchased Intrinsity, a Texas-based chipmaker.

Apple confirmed the acquisition on Tuesday to The New York Times, though it did not disclose the purchase price or what Apple's plans for Intrinsity are. One guess has the value at $121 million.

It's the second chipmaker purchased by Apple in two years starting with P.A. Semi, which it bought for $278 million. It's also the fourth acquisition Apple has made since last fall; it bought map API maker PlaceBase in October, social music site LaLaRead more

Report: Apple adds engineers for new chip design

Apple is adding engineers from Intrinsity, a small chip company that has been working with Samsung to boost processor performance and may be connected to the iPad's A4 chip design, according to a Macrumors report.

As reported last month, Linley Gwennap, president and principal analyst of The Linley Group, believes the iPad's 1GHz A4 chip uses an ARM CPU designed by Intrinsity and manufactured by Samsung. Apple's iPhone also uses ARM chips supplied by Samsung. Typically, chip companies take the basic ARM blueprint and mix and match features as they see fit.

Samsung announced last year that it had collaborated with IntrinsityRead more