Intel (INTC) is the buyer of ST-Ericsson's (STM, ERIC) GPS chip business, an Intel spokesman...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) is the buyer of ST-Ericsson's (STM, ERIC) GPS chip business, an Intel spokesman confirms - ST-Ericsson had announced the sale of the business without disclosing its acquirer or the price paid. The purchase should strengthen Intel's GPS receiver offerings for mobile devices, and might allow it to add GPS functionality to its notebook Wi-Fi chipsets.