Mr Joy says that his new design, which turns a single chip into a parallel-processing system, can handle huge amounts of video and audio data at speeds that would overwhelm the usual Intel chip.

ECONOMIST: Strength through Joy | The

"We're the only company now in the industry that has intellectual property in both of those main technologies, " Prairie said, pointing to the company's recently launched mobile system and said that eventually, the company plans on integrating the technologies into a single chip.

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