Items tagged with (NASDQ: INTC)
It’s no secret that Intel doesn’t exactly have the same batting average in the mobile market as it does on the PC side, but the company is working towards changing that. To that end, the company purchased the satellite navigation chip business unit of ST-Ericsson, according to AllThingsD. ST-Ericsson is a joint venture between STMicroelectronics and Ericsson, and the sale of the unit couldn’t come at a better time; AllThingsD reports that ST-Ericsson had an operating loss of $158 million in Q1 2013. New Intel CEO Brian Krzanich The acquisition will no doubt help Intel bolster... Read more...