Mediatek purchases power management chip business from Intel

Intel sold its smartphone modem business to Apple last year, and now the it's offloading another chip-related division. In a press release, Mediatek announced it has purchased Enpirion - Intel’s power management chip business for the price of $85 million. The deal is ready to go through once approved by regulators. The Envision business provides an integrated high-frequency power solution for FPGA circuits, SoC, CPU, and ASIC. To put it simply, the division offers power management tools for chips in devices that come with a power supply, often from a battery. The acquisition was...