Intel ACQURIES InterDigital Patents and 3 Tech Stocks on the Move
Intel Corporation (NASDAQ:INTC), the premier chipmaker, is purchasing 1,700 patents from wireless specialist InterDigital Inc. (NASDAQ: IDCC) for $375 million, which comes about a year after InterDigital, an engineering firm in King of Prussia, Pa., put itself up for sale. The latter move was sparked by Apple (NASDAQ: AAPL) leading a syndicate that acquired a number of patents from the defunct Nortel Networks for 4.5 billion.
Broadcom Corp. (NASDAQ:BRCM), which is a worldwide innovation major in semiconductor solutions for wired and wireless communications, has introduced two new solutions that will allow a consumer video experience which includes mobile devices, smart TVs and other consumer electronics. Among the new products is Broadcom’s first combo chip optimized to add dual-stream, dual-band Wi-Fi and Bluetooth 4.0 connectivity to consumer electronic devices, plus an integrated wireless dongle design that will bring Wi-Fi Display (now called Wi-Fi Miracast) to existing digital TVs and media boxes.
QUALCOMM Incorporated (NASDAQ:QCOM) which is the world’s biggest chipset maker, has purchased Summit Microelectronics, which develops programmable power integrated circuits. The move is expected to boost Qualcomm’s power management and battery charging performances. Financials of the transaction were not divulged.
EMC Corporation (NYSE:EMC) and Cisco Systems’ joint venture Virtual Computing Environment Co., that provides IT hardware and software, will double its Triangle work force in a move that should create dozens of new local jobs around Richardson, Texas, which was chosen for its headquarters in 2011, while promising to create 434 jobs in the Dallas suburb.
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