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Intel to Acquire Infineon's Wireless Solutions
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Intel will purchase Infineon's Wireless Solutions Business in a cash transaction valued at approximately $1.4 billion. The deal is expected to close in the first quarter of 2011.
- WLS sale enables Infineon to expand leading position in markets for automotive, industry and security technologies.
- WLS will operate as a standalone business. Intel is committed to serving WLS' existing customers, including support for ARM-based platforms.
- 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 deal aligns with Internet connectivity pillar of Intel's computing strategy.
Source: Intel
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Posted by: Agitator!!, August 30, 2010, 7:00 am
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