IBM sells Power PC line for $227 million

The deal means Applied (ticker: AMCC) will have access to Big Blue's CMOS process and system on a chip (SOC) designs.

But IBM will continue to use the technology for some of its own future technology.

AMCC is paying $227 million in cash for the assets and the licence. It will use the technology in communications processors for storage, wireless infrastructure and data centres.

IBM Microelectronics isn't currently doing too well. Selling off some of its assets will probably bolster its bottom line, somewhat. IBM said the sale strengthened its its Power Everywhere strategy. µ