Tuesday, November 20, 2012

Engadget: Intel acquires Ziilabs from Creative Technology for $50 million

Intel acquires Ziilabs from Creative Technology for $50 million
Nov 21st 2012, 03:35

DNP Intel gets cozy with Ziilabs for $50m

Intel has signed a $50 million deal with Creative Technology to acquire Ziilabs, a UK-based subsidiary responsible for Android-optimized chip designs like the ZMS-40 and the ZMS-20. Of that $50 million, $30m will be for asset sales and engineering resources while the remainder will be for patent licensing in regards to Ziilabs GPU technology, which might indicate a move away from PowerVR. We're not sure if this means Creative will soldier on with OEM-focused devices like the HanZPad, but at least now it'll have more money in the bank to explore alternative endeavors.

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Source: The Inquirer, CNET Asia

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Written by Hasloo Network staff.