Apple reported to have acquired chip maker Passif

Summary:Is Apple on a startup buying spree now too? Based on a new report, the iPhone maker is stepping up its hardware assets.

Apple has bought another chip company, based on a new report published on Thursday.

According to former Wall Street Journal reporter Jessica Lessin, the iPhone maker has bought Passif Semiconductor.

Founded in 2007 and based in Oakland, Calif., Passif produces low-power switch-based wireless transceivers.

It is being speculated that Apple could be interested in the hardware for future pieces of wearable technology -- perhaps even the rumored iWatch.

Financial terms of the deal have not been revealed, and Apple has not made an official announcement confirming the deal yet.

The news of the Passif purchase follows a new pattern for Apple. The Cupertino, Calif.-based corporation isn't known for making lots of acquisitions.

However, Apple has been making more noise in this regard in the last few months.

In July alone, Apple bought up Locationary and HopStop .

Both deals signaled some more serious dedication on Apple's part to its mapping software for iOS, which has been infamously plagued by bugs since its debut last September.

Note: We pinged Apple PR for comment, and we will update this post when we hear back.

Topics: Apple, Hardware, Mobility, Processors, Tech Industry

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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