RealTime IT News

Intel Snags Infineon Wireless Unit in $1.4B Deal

Intel has made its interest in the wireless sector known for some time, but cast away any lingering doubts about its commitment Monday morning with the announcement that it's acquiring Infineon Technologies' Wireless Solutions group in a $1.4 billion all-cash transaction.

Through the purchase, Intel is looking to diversify its wireless offerings as it looks to seed its hardware across a host of smartphones, tablets, netbooks and other devices. Then, too, Intel is moving closer to the 4G LTE technology despite its long history as a WiMAX backer. Hardware Central takes a look at Intel's Infineon buy and its big-tent wireless strategy.


Intel Corp. has reached an agreement to acquire Infineon Technologies' Wireless Solutions (WLS) division for $1.4 billion in cash, sending an unmistakable signal about the chip giant's aspirations for the mobile sector.

"The global demand for wireless solutions continues to grow at an extraordinary rate," Intel (NASDAQ: INTC) President and CEO Paul Otellini said in a statement.


Read the full story at Hardware Central:
Intel To Acquire Infineon Wireless Unit for $1.4B