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IBM sells Power PC line for $227 million

AMCC picks up portfolio
Tue Apr 13 2004, 14:41
APPLIED MICRO CIRCUITS said it has bought intellectual property rights and other assets associated with IBM's Power PC 400 line, as well as a Power architecture licence.

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


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