According to Ars Technica: "Apple's gigantic bankroll may be burning a hole in its pocket. Almost two years after purchasing PowerPC designer P.A. Semi, Apple appears to have snapped up ARM design house Intrinsity. According to a report that first appeared on electronista, a number of engineers at the company have indicated that they are now or soon will be employed by Apple. Some of them have even gone as far as to change their LinkedIn profiles, with one reverting it, possibly out of fear of drawing the wrath of his new, secretive employer." Updated 20100404 1:15 GMT
Brian Dipert points out the earlier coverage at EDN
, from which both of the above reports draw.