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It was early in February while on business in Tokyo that Standard Microsystems Corp. chairman and chief executive Paul Richman got a message to call a longtime business associate at Intel Corp. Richman, who heads one of Long Island's leading high-technology companies, made the call and a few weeks later met with Les Vadasz, senior vice president of Intel corporate development in Cambridge, Mass.
Now Intel, the leading maker of computer chips, is buying a nearly 10-percent stake in the Hauppauge-based specialty chip maker for $14.6 million. Santa Clara, Calif.-based Intel also agreed to use Standard's products in the circuit boards it manufactures for personal computer makers....