Intel sold its smartphone modem business to Apple last year, and now the it’s offloading another chip-related division. In a press release, Mediatek announced it has purchased Enpirion – Intel’s power management chip business for the price of $85 million. The deal is ready to go through once approved by regulators.
The Envision business provides an integrated high-frequency power solution for FPGA circuits, SoC, CPU, and ASIC. To put it simply, the division offers power management tools for chips in devices that come with a power supply, often from a battery.
The acquisition was…