SANTA CLARA, Calif., June 27, 2006 – Marvell Technology Group, Ltd. and Intel Corporation today announced that they have signed an agreement for Intel to sell its communications and application processor business to Marvell for a purchase price of $600 million plus the assumption by Marvell of certain liabilities.
http://www.intel.com/pressroom/archive/releases/20060627corp.htm
About Marvell
Marvell (NASDAQ: Marvell) is the leader in development of storage, communications and consumer silicon solutions. Marvell’s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking.
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