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Apple has announced that it will buy the fingerprint sensor technology developer AuthenTec Inc for about $356 million. Tech observers say that this could be Apple’s move venture in the emerging mobile payments market.

Apple will pay AuthenTec $8 per share for the Florida-based AuthenTec, which counts Samsung as one of its biggest clients. AuthenTec makes fingerprint sensor chips used in PCs and mobile devices.

This acquisition is very unusual for Apple, as it rarely buys public companies and tends to acquire mostly startups when the Cupertino-based company searches for new, cutting-edge technology.

AuthenTec’s fingerprint technology is being used in mobile phones in Japan as a means of authentication for mobile payments. Apple wishes to bring that service to the United States, which has been pretty slow when it comes to accepting new technology.

Tech analysts could not help but associate the acquisition with the next version of the iPhone. They say that the iPhone 5 could have some form of mobile payments technology. An Apple spokesperson decline to comment on how the company will use AuthenTec’s technology.

Source: Reuters

 
 

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[...] is not the only tech company interested in replacing the password. Last year’s news about Apple’s acquisition of fingerprint scanner firm AuthenTec lead to rumors that future iPhones would come with [...]
[...] its biggest clients. AuthenTec makes fingerprint sensor chips used in PCs and mobile devic… Read More » [...]
[...] its biggest clients. AuthenTec makes fingerprint sensor chips used in PCs and mobile devic… Read More » [...]

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