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Apple has reportedly acquired Passif, a chip maker that develops and sells low-power chips, according to Jessica Lessin. Apple might use the processors in its iWatch, which would require a low-power chip in order to provide information for long periods of time – likely days.

However, some reports have suggested that the iWatch will run a version of iOS, which suggests that it may need a more demanding processor. That said, the firm also has experience developing Bluetooth tech, and we imagine the iWatch, like other smartwatches, will connect with a smartphone using a Bluetooth connection.

Apple has reportedly been seeking to hire new employees and, possibly, even acquiring new companies in order to make the iWatch a reality. This is all speculation at this point, but Passif seems to be such a firm that could assist in making the iWatch with Apple.

Terms of the deal were not disclosed, and it’s unclear if Passif will still operate normally or if it will be folded into Apple  at this point.