The New York Times is reporting that Apple did in fact acquire Intrinsity, an Austin, Texas based chip designer who has played an integral role in designing ARM-based chip designs. Apple has finalized a deal to acquire a small chip company called Intrinsity, Apple confirmed. Intrinsity, of Austin, Tex., made a name for itself by […]
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Confirmed: Apple Acquires Chip Maker Intrinsity

The New York Times is reporting that Apple did in fact acquire Intrinsity, an Austin, Texas based chip designer who has played an integral role in designing ARM-based chip designs.

Apple has finalized a deal to acquire a small chip company called Intrinsity, Apple confirmed. Intrinsity, of Austin, Tex., made a name for itself by creating a fast chip for mobile devices in cooperation with Samsung, both a partner and competitor to Apple.

Many experts in the chip industry have speculated that Apple relied on Intrinsity’s chip as the basis for the main engine behind its new iPad.

MacRumors first reported on this story early this month, pointing to several LinkedIn profiles pointed that several Intrinsity employees were now working at Apple.

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