Marvell to Finalize Buying of Intel’s Communications And Applications Processor Business
Thursday, 9 November, 2006 at 4:56 am | In Microelectronics, Processors | 1 CommentMarvell Technology Group, Ltd., the leader in storage, communications and consumer silicon solutions, today announced that it has completed the acquisition of Intel’s cellular and applications processor business. On June 27, 2006, Marvell announced that it agreed to purchase it for $600 million plus the assumption by Marvell of certain liabilities. With this acquisition, Marvell will design and market a family of processors (codenamed Monahans) for wireless and embedded applications.
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