Amazon eyeing up TI's smartphone chip business, according to Israeli newspaper

Remember when Texas Instruments revealed it was planning to dump its mobile processor business in favor of embedded systems? Israeli business sheet Calcalist is reporting that Amazon is in "advanced negotiations" to snap up that part of TI's OMAP division, which currently supplies processors for the Kindle Fire and the Nook HD. The paper suggests the company is emulating Apple's purchases of chip designers in order to lower the price of future hardware -- which it currently sells at cost.