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Apple buys chip designer Intrisity for $121 million

Apple has bought chip designer Intrisity for $121 million. Given the rapidity and speed of the Apple A4 chipset debuted alongside the iPad, rumors have persisted that Intrisity was behind the new system-on-chip (SoC), but confirmation took a while to arrive.

Intrisity was able to take the standard ARM Cortex A8 found in 650MHz flavor in the iPhone 3GS and competing smartphones and speed it up to 1GHz.

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