The rumor that Apple has bought Intrinsity has been confirmed. The company reportedly paid $121 million for the ARM-based chip startup that helped design the iPad's processor.
People familiar with the situation say the Silicon Valley giant recently purchased Intrinsity Inc., a closely held company whose chip technology has been used to boost the performance of cellphones and other products. Some analysts believe that Intrinsity's technology is used in the A4, the Apple-designed chip used in the new iPad
These people didn't disclose terms of the deal. But Tom Halfhill, senior editor at the newsletter Microprocessor Report, on Monday reported a purchase price of $121 million.