The chip processor Intel is selling its division that makes processors for handheld devices in a $600 million deal with Marvell Technology Group.
According to The Wall Street Journal the business being sold was part of a largely unsuccessful plan by the chip maker to diversify away from the computer industry, which was accompanied by more than $10 billion in acquisitions during the Internet boom.
Marvell is going to acquire the business that makes processors based on Intel’s XScale technology. They are used in BlackBerry and Treo devices.
Intel is the world’s top producer of microprocessors for PC and servers. The company is already struggling in competition with AMD (Advanced Micro Devices Inc.)л