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


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.

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Comments (3)
  • MorrisSean
    , contributor
    Comments (101) | Send Message
     
    Nice purchase! Possible integration with McAfee's security software for tracking device theft.

     

    Your boss calls you up. So, you are working from home this week? So, why is your company laptop at Disney World Florida? : )
    28 May 2013, 03:45 PM Reply Like
  • MorrisSean
    , contributor
    Comments (101) | Send Message
     
    Same thing applies to company phone, tablet etc.
    28 May 2013, 03:47 PM Reply Like
  • malc9141
    , contributor
    Comments (219) | Send Message
     
    Not quite clear to me.

     

    "STM" hasn't managed to sell its STM-Ericsson business, which it has been having to subsidise.

     

    I didn't know STM-Ericsson made chips - thought it more at the service end.

     

    So is this (very important) chip (and therefore device) sale a divestment by STM or by the company STM is trying to get rid of?
    28 May 2013, 08:36 PM Reply Like
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