Apple Buys Intrinsity, a Maker of Fast Chips

Apple wants the fastest chip for its mobile devices and has bought another chip maker to gain an edge over its competitors. Apple has acquired a small Austin, Texas, company called Intrinsity, known for making zippy versions of a computer chip often found in mobile devices. The deal, which closed late last month and was confirmed by Apple on Tuesday, shows the company continuing to try to gain an edge in the mobile device market by purchasing technology and chip experts

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