In one of the worst kept secrets of the year, Apple announced the acquisition of Austin-based chip company Intrinsity. It’s rumored that their A4 chip powers Apple’s new iPad. The stream of future royalties probably far exceed the rumored $121M purchase price.

Word of the acquisition began to leak out after technology trade publications noticed earlier this month that a number of Intrinsity employees had started to list Apple as their employer on the social networking Web site LinkedIn. Neither company, however, would discuss their relationship. — New York Times

Beware what you put on LinkedIn.

The new is catching like wildfire today, and the traffic appears to have brought down the Intrinsity website. There is no word on if the company will relocate from the quiet neighborhood on Bee Caves Rd. to Apple’s building up at Riata.