The world's fourth largest PC manufacturer, the Acer Group of Taiwan, last week signed an agreement to purchase the assets of Texas Instruments' mobile computing business for an undisclosed sum.
The deal is expected to be finalised on or before 31 March, when TI is expected to move a "substantial number" of its worldwide employees to Acer.
The agreement includes the purchase by Acer of TI's award-winning TravelMate and Extensa product lines, and the associated assets of the business.
TI was rated fourth in the US notebook market and sixth in the world according to market researcher IDC.
Acer, which co-developed TI's Extensa notebook line, will also have the rights to use the TravelMate and Extensa trademarks and a licence to use TI's brand name on its own mobile computers for an undetermined period.
TI and Acer have worked together on a number of occasions before and remain close partners in the DRAM business, where the union company is known as TI-Acer. Acer is one of TI's largest DRAM customers.
The move was greeted with a degree of enthusiasm on Wall Street: TI's stock was up 11% the morning after the announcement and one US trader was reported as saying: "I like the reaction of TI's new CEO. Getting rid of the mobile business, which they don't make any money in, tells me this guy is serious about making improvements to the company."
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