Intel Acquires Infineon Wireless
Intel has entered an agreement to purchase Infineon’s Wireless Solutions Business, called WLS, in a $1.4 billion cash deal. The deal is expected to close in the first quarter of 2011.
According to an Intel press release: “The acquisition expands Intel’s current Wi-Fi and 4G WiMAX offerings to include Infineon’s 3G capabilities and supports Intel’s plans to accelerate LTE. The acquired technology will be used in Intel Core processor-based laptops, and myriad of Intel Atom processor-based devices, including smartphones, netbooks, tablets and embedded computers.”
The New York Times has more: “The Infineon unit makes chips used in laptops, netbooks and smartphones, including the Apple iPhone, and will strengthen Intel’s lineup of 3G, 4G, Wimax and Wi-Fi cards.
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