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© Intel Electronics Production | May 29, 2013

Intel is ST-Ericsson's mystery buyer

Intel is apparently the mystery buyer for the satellite navigation chip business from ST-Ericsson.
Several media reports state that Intel has signed a definitive agreement to acquire certain assets of the Global Navigation Satellite System business of ST-Ericsson, extending its investments in positioning technology.

The financial terms of the deal were not disclosed.

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