VIA to acquire IDT's Centaur

VIA Technologies Inc. has signed a letter of intent to acquire certain assets of IDT Inc.'s Centaur design subsidiary, including its WinChip microprocessor technology.

VIA will also absorb IDT's x86 microprocessor design team, located in Austin, Texas. IDT announced plans to exit the x86 microprocessor market on July 14.

VIA and IDT have also entered into a patent cross-license agreement, allowing each company to utilize intellectual property covered by the other's patents.

More information on IDT's Centaur business and Winchip product line is available at www.idt.com .