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Old Nov 21, 2012, 01:13 AM   #1
gto55
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Join Date: Mar 2010
Location: Tel Aviv
Intel acquires ZiiLabs from Creative Technology for $50 million

Intel has signed a $50 million deal with Creative Technology to acquire ZiiLabs, a UK-based subsidiary responsible for Android-optimized chip designs like the ZMS-40 and the ZMS-20. Of that $50 million, $30m will be for asset sales and engineering resources while the remainder will be for patent licensing in regards to ZiiLabs GPU technology, which might indicate a move away from PowerVR. We're not sure if this means Creative will soldier on with OEM-focused devices like the HanZPad, but at least now it'll have more money in the bank to explore alternative endeavors.

http://www.engadget.com/2012/11/20/i...uires-ziilabs/
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