The problem: While Intel makes a mighty fine central processing unit (CPU)--its Centrino 2 and Core 2 products can be found in most of the world's laptop and desktop computers--the company has stumbled repeatedly when it has tried to break out of that market.

FORBES: Intel Grinds Toward Graphics

UK-based computer chip designer Imagination Technologies is buying US central processing unit (CPU) architect Mips's business operations and some of its patents.

BBC: Imagination challenges ARM with Mips takeover