Apple to acquire chip design company

Article Summary

April 24, 2008 In an intriguing piece of news reported by Forbes.com, Apple looks set to buy microprocessor design outfit PA Semi for an (unconfirmed) $278 million. Apple, which also released its quarterly earnings today, has declined to comment on the strategy underlying the move but already speculation is rife on whether the company will begin producing its own chips for the iPhone.

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