Intel Buys ST-Ericsson’s GPS Business

Posted by at 10:15 am on May 29, 2013

ST-Ericsson has revealed that it has sold its mobile GPS business to Intel for an undisclosed sum. ST-Ericsson is a joint venture between STMicroelectronics and Ericsson.

The two parent companies revealed earlier this year that they were preparing to wind the struggling venture down. ST-Ericsson’s GPS-related assets and engineers will be added to Intel’s existing GPS business.

Intel, which recently named a new CEO, is making a concerted push to become a mainstream player in the mobile chip business. This acquisition can aid in that pursuit.

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