There weren't a whole lot of firm details on the reasons behind Apple's acquisition of chip designer P.A. Semi to be had back when the deal was announced last month, but it seems that a bit of the veil of mystery may now be lifting, at least if the word EETimes is hearing from its unnamed source is to be believed. Apparently, Apple was keen to have P.A. Semi's crack chip-making team design a new chip for them, but P.A. Semi had "more or less burnt through its venture capital funds," leaving them unable to take on the project. According to EETimes source, that meant that the only way to get P.A. Semi involved was for Apple to pay off all of P.A.'s investors and bring the company in-house, something they were able to do for a mere $280 million or so. Of course, as EETimes points out, the big question remaining is exactly what it is that Apple wants P.A. Semi to help it out with, and that's a detail we'd expect to take considerably longer to trickle out.

[Via Mac Rumors]

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