Marvell Acquires Intel’s Communications and Application Processor Business

Intel has agreed to sell its communications and application processor business to Marvell Technology Group for $600 million. The planned sale will give Marvell a strong presence in the growing market segment for processors used in smart handheld devices. The sale also will enable Intel to focus its investments on its core businesses, including high-performance, low-power Intel Architecture-based processors and emerging technologies for mobile computing, including Wi-Fi and WiMAX broadband wireless technologies.