Apple has confirmed to the New York Times that it has bought out Intrinsity, a small company thought by some analysts to be behind the chip technology in the iPad.
Intrinsity is known by those who need to know as a company which specialises in speedy mobile device chips. It specialises particularly in A4 chips and mysteriously its engineers have managed to clock a speed figure of 1 GHz on its chips, which is the same speed as the A4 inside the iPad. Samsung, which officially provided the ARM-based chips and A4s for Apple, had rumblings with the 1GHz Intrinsity "Hummingbird" technology.
The acquisition of Intrinsity was closed in March. Official figures for the buy-out aren't available at this time, and may never be, but Tom R. Halfhill, Microprocessor Report analyst, told The New York Times that Intrinsity probably got flogged for $121 million, half of what Jobs' Mob forked out for chip company PA Semi in 2008. It seems Apple is happy to throw what is a relatively very small portion of its cash about if it means the company will eventually blag the upper hand in certain markets.