Strike a light! Philips sells off semi division bit

Dutch company Phillips said today it will sell its CoolRunner line to Xilinx. It didn't say how much it will get for the transaction, but the letter of intent says the deal will be a done deal by July. The Philips semi people will be kept on by Xilinx, the Dutch company said. But Philips will keep Fast Zero Power technology and will manufacture CoolRunner products at its fabs in Europe and use the Taiwanese Semiconductor Manufacturing Corporation (TSMC) to fab them out. And Xilinx and Phillips will work on system-on-a-chip stuff. ®