MediaTek acquires Intel's power management chip business for $85 million

MediaTek just announced it is acquiring Intel's power management chip business. 

According to media reports, MediaTek has purchased Enpirion for $85 million through its subsidiary Richtek and the deal is pending approval by regulators. Once the deal is completed, MediaTek will expand its product line to provide integrated high-frequency and high-efficiency power solutions for FPGA, SoC, CPU, and ASIC. These solutions are geared towards enterprise-level system applications to help expand operations, and enhance performance and competitiveness.

This is the second sale of a chip-related business unit by Intel. Apple acquired Intel's smartphone modem business for $1 billion last year, which will help the iPhone maker reduce its reliance on Qualcomm and boost efforts to develop its own radio modems.

Source: GizmoChina