ST-Ericsson's global navigation satellite system (GNSS) business sale was announced Tuesday and Intel has confirmed that it was the mystery buyer.
The treaty encompasses Intel's investments in locating the technology with a team of industry veterans that has a successful in tracking record of developing and commercializing GPS silicon though neither company has revealed the price yet.
The joint venture ST-Ericsson, who is between STMicroelectronics and Ericsson and the leading semiconductor company had bought its mobile connectivity GNSS unit. As this includes personal receivers that interact with GPS technology and Glonass a radio-based satellite triangulation system functioned by the Russian Aerospace Defense Forces.
The spokesperson for Intel Asia, Nick Jacobs added that 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,
Nick Jacobs has also confirmed an ultimate agreement with ZDNet that the U.S. chipmaker signed a definitive settlement to acquire certain belongings of ST-Ericsson's GNSS business on May 24 2013.
The team of engineers Jacobs said would be likely be integrated into Intel's Mobile and Communications Group are based in Singapore, Bangalore, India, and Deventry, United Kingdom, and continued to mention that, Employees based in the U.K and Singapore will remain at their current locations while those in India will join WPRD colleagues at Intel's existing Bangalore office.
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