It's possible that Intel is moving to bolster its position in the gesture and sensor-based computing market, but likely not exclusively.
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The chip-making giant is setting up shop (albeit temporarily) in New York City with a handful of pop-up stores, ahead of an expected busy sales December quarter.
Aware sells $75 million worth of patents to Intel as part of the chipmaker's efforts to increase its patent portfolio in the wake of global intellectual property wars.
Intel leads the semiconductor industry as it reaches a 10-year record market share through key acquisitions and increased revenue, based on 2011 Q4 figures.
Intel is set to buy US$375 million worth of wireless technology patents from InterDigital, whose shares rose by more than 29 per cent, following the news that it would increase its stock buyback program.
Krzanich has been at the chipmaker since 1982.