Apple's bought itself a chip company, P.A. Semi that could make chips for future iPods and iPhones. The company was founded by Dan Dobberpuhl, lead designer of Alpha chips, who last year announced a 64-bit dual core processor that is said to be about 300% more efficient than the nearest competition, using only 5 to 13 watts at 2GHz.
Products using the chips won't arrive for a year, at least, but we can assume that Apple wouldn't spend $287 million without some plans to use em soon as it made sense, and I'm sure Intel and ARM aren't stoked. The negotiations, which finished recently, took place in The Steve's home. Owning its own chip design is an interesting move. While the iPhone's had a lot of off the shelf componentry, it makes sense that working on its own internal hardware could yield better devices. Or a PowerPC repeat. [Forbes]