News Burst: Via buys Cyrix for $167m

Via Technologies is to buy Cyrix for $167m (£102m) it is reported Tuesday.

The agreement between Taiwan's fastest growing maker of chipsets and National Semiconductor was formally signed Tuesday. It is expected the transaction will take about a month and will affect manufacturing plants in Texas, California and Singapore.

Despite National's failure to make Cyrix profitable, Via is convinced it can make a go of Cyrix. In an earlier report the company claimed it was not afraid to go head to head with chip giant Intel.

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