Intel has baled out US Standard Micro by taking a 10 per cent equity stake in the company, with the option to take a further 10 per cent in the future.
The US company said it would make a loss of nearly $20 million for the year but Intel confirmed it will take a stake of 1.54 million shares, at $9.50 a share.
Standard?s components and system divisions were caught by the slump in the market, according to senior executives.
The company makes Lan and Ethernet products, as well as semiconductors. But the move makes sense for Intel, which is still intent on making waves in the Ethernet market.
In a separate development, Intel signed a deal with Nokia on the GSM front. Only last week it warned PC card manufacturer Psion Dacom that making software stacks was the preferred way for card makers to go.
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