Apple Acquisition Rumor – Buying Audio Chip Maker Cirrus Logic

Apple may be talking to audio chip maker Cirrus Logic regarding its plans to acquire the company – Barrons reports. The acquisition could take Apple one step closer to natively building integrated chips, codecs and audio equipment that are today used on their devices including the iPhone and iPod Touch. Apple has been focusing its […]

Apple may be talking to audio chip maker Cirrus Logic regarding its plans to acquire the company – Barrons reports. The acquisition could take Apple one step closer to natively building integrated chips, codecs and audio equipment that are today used on their devices including the iPhone and iPod Touch. Apple has been focusing its attention on proliferating its growth in the media and entertainment division and this acquisition could bring a great value add.

However, it needs to be noted that this news is primarily a rumor at this stage and does not have too many backers though Apple is a huge customer of Cirrus. Nevertheless, the speculations have helped pump the share prices of Cirrus Logic that have risen 2.92% during trading on Friday. The stock is currently trading at $17.38