Skip to: Content
Skip to: Site Navigation
Skip to: Search

May 17, 2008 12:53:47 AM CDT

Learn about Newser Points »

Back to the grid

Apple Snaps Up Chip Design Company  

Posted Apr 24, 08 6:47 AM CDT in Business,  Technology    Most Covered

(newser) – Apple has acquired a designer of sophisticated, low-power computer chips, Forbes reports. Analysts say the move will likely lead to a new kind of chip powering future iPhones and iPods, as well as new Apple designs, helping the company differentiate itself from competition scrambling to keep up. The news comes as a blow to chip maker Intel.

Apple's new acquisition, PA Semi, announced a new processing chip last year which it claims is 300% more efficient than its competitors. Insiders say that Steve Jobs now plans to use the firm's chips exclusively in Apple products. The $238 million price tag is high for an Apple acquisition, but won't make much of a dent in the $19 billion cash holdings Apple announced yesterday.

Source Forbes

open commentscomments (0)

Editor Recommended

Apple buys chip designer PA Semi
San Francisco Chronicle | Apr 23, 08

The reasons behind the buy
Wired | Apr 23, 08

How Apple 'left company at the altar'
Ars Technica | May 20, 06

Related News

  • Online Apple Stores Sold Out of iPhones

    May 12, 08 8:11 PM CDT
    Online Apple Stores Sold Out of iPhones Apple’s online stores in the US and UK are sold out of iPhones, Bloomberg reports. The shortage is stoking analysts' predictions that a new handset will be released a month earlier than expected, after Apple's developer conference in June. The new phones are said to boast faster download speeds, thanks to access to 3G data networks. More »

  • Apple's Profit Rises 36% on Strong Mac Sales

    Apr 23, 08 4:29 PM CDT
    Apple's Profit Rises 36% on Strong Mac Sales Apple's profit surged 36% in its second quarter, beating analysts' estimates thanks to strong sales of laptops, Bloomberg reports. The company earned $1.05 billion, or $1.16 a share; analysts expected $1.06 a share. Revenue grew 43%, to $7.5 billion, despite the sluggish economy. The company sold 2.29 million Macs, with strong sales in particular of its new ultra-thin Air notebook. More »

  • Cracking the Steve Jobs Code

    Apr 21, 08 6:39 AM CDT
    Cracking the Steve Jobs Code Though it’s near impossible to get an interview with Steve Jobs, author Leander Kahney’s book Inside Steve’s Brain gives a “fresh, noble perspective” on the Apple icon’s impenetrable mind, Jon Swartz writes in USA Today. Like most who try, Kahney couldn’t score facetime, but his book illustrates the opposing traits that make his subject—equal parts Disney and Barnum—who he is. More »

  • Apple Is Unlikely to Offer Unlimited Music, But If It Did...

    Mar 24, 08 10:51 AM CDT
    Apple Is Unlikely to Offer Unlimited Music, But If It Did... Don’t expect a subscription music service bundled with iPods anytime soon: that’s the consensus emerging from the news flurry since last week’s report Apple was considering such a move. Still, the flurry made two things clear, declares Nate Anderson in Ars Technica: Apple would need to tread carefully to avoid antitrust complications if it did go there, and consumers finally seem ready to “rent” music. More »

  • NetFlix Tries to Pre-Empt Apple

    Jan 13, 08 10:59 PM CST
    NetFlix Tries to Pre-Empt Apple Netflix and Apple are preparing to go head-to-head in the burgeoning business of delivering movies over the Internet . AP reports Netflix is expanding its fledgling movie streaming service,  Watch Instantly, to give most subscribers unlimited access to 6,000 titles. The move comes just as Apple is about to launch its movie streaming service to iTunes users. More »

Apple Snaps Up Chip Design Company
Apple CEO Steve Jobs gestures in front of an image of the new iPhone during a news conference in Cupertino, Calif., in this March 6, 2008, file photo.   (AP Photo/Paul Sakuma)
Apple Snaps Up Chip Design Company
An Apple customer scans iTunes on an iPhone at an Apple Store in Palo Alto, Calif., Monday, April 21, 2008.   (AP Photo/Paul Sakuma)
Apple Snaps Up Chip Design Company
Apple's acquisition of PA Semi could mean a new generation of power-efficient chips in future iPhones and iPods.   (AP Photo/Paul Sakuma, file)
prev   next
play

Threads (1 of 2)

Tags

Apple  • iPhone  • Intel  • iPod  • Steve Jobs  • computer chip


Loading...

Loading...

Related Threads: Core Apple, Mergers & Acquisitions

Next story from this section »

Today's Most Popular

Loading...

Other Technology Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »