iPad Apple Buys FastCore Intrinsity

Apple just confirmed it bought privately held Austin, Texas chip designer Intrinsity. The company, founded in 1997, develops high-speed, low-power version of popular chips. It's also reportedly designed portions of the processor that Apple used in its iPad. Apple had no comment on the purchase price, but it's reported to be $121 million.
Word of the deal first broke when several Intrinsity employees had started to list Apple as their employer on LinkedIn, according to trade publications...Read Full Article

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