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Company says product plans remain unchanged
As a handful of design engineers departed from its Cyrix microprocessor unit, VIA Technologies Inc., the Taiwanese chipset maker and low-end PC microprocessor firm, confirmed last week that it plans to spin off the unit it had acquired less than a year ago.
The Cyrix engineers left VIA's design facility in Richardson, Texas, to go to a new networkingprocessor start-up firm, Navarro Networks, run by Mark Bluhm, a former Cyrix vice president.
VIA said that it will run its new, as-yet-unnamed company as a wholly owned subsidiary to be based in Taiwan and will invest between $100 million and $300 million in it.
The development comes about a month after VIA introduced the first product from its...