Intel has confirmed it was the mystery buyer that acquired ST-Ericsson's global navigation satellite system (GNSS) business, after the sale was announced Tuesday.
ST-Ericsson, the joint venture between STMicroelectronics and Ericsson, said Tuesday that a "leading semiconductor company" had bought its mobile connectivity GNSS unit. This includes personal receivers that interact with GPS technology and Glonass -- a radio-based satellite navigation system operated by the Russian Aerospace Defense Forces.
Nick Jacobs, a spokesperson for Intel Asia, has confirmed with ZDNet that the U.S. chipmaker signed a definitive agreement to acquire certain assets of ST-Ericsson's GNSS business on May 24. The GNSS engineering team and leadership, with total of about 130 employees, will likely be integrated into Intel's Mobile and Communications Group's Wireless Platform R&D (WPRD) division, Jacobs added.
Read more of "Intel confirms acquisition of ST-Ericsson's GPS business" at ZDNet.