News Burst: Via buys Cyrix for $167m

Via Technologies is to buy Cyrix for $167m (£102m) it is reported Tuesday.
Written by Jane Wakefield, Contributor

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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