Intel acquires Android chip designer Ziilabs for $50 million

Intel acquires Android chip designer Ziilabs for $50 million
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Intel has acquired Ziilabs from Creative Technology for a reported $50 million. The UK-based subsidiary produces Android-optimised chip designs. $30 million of the cash will be for asset sales and engineering resources while the other $20 million will be for patent licensing relating to Ziilabs' GPU technology.