This actually looks like a company that’s actually streamlining its R&D expenditures and focusing on execution for the markets Intel sees as most important for today and for tomorrow. Intel’s Enpirion focuses on building power management chips for FPGA circuits, SoCs, CPUs, and ASICs, and will now serve to bolster MediaTek’s SoC business while allowing the Taiwanese company to expand and diversify its business portfolio, even as Intel focuses on their core competencies.
Intel continues to “shed fat” on its business portfolio. After last year’s sale of its smartphone modem chip business to Apple, the company is now parting ways with its power management circuitry division – Enpirion – and offloading it to Richtek, a division of Taiwanese MediaTek. The sale price of $85 million is a drop in the bucket for Intel’s overall bottom line, so it’s not a way for the company to cash in some desperately needed money – all accounts of Intel’s troubles in the wake of its semiconductor manufacturing issues and AMD’s market resurgence pale in comparison to Intel’s revenues.