Intel gobbles up Infineon’s mobile unit in $1.4 billion deal, looks to ‘accelerate 4G LTE’
Infineon , the company behind the baseband chips inside your super-duper new phone ,`s about to cash out from the wireless industry courtesy of Intel’s insatiable appetite . The Wireless Solutions Business (WLS), which accounted 4 nearly the 3rd of Infineon’s €3 billion ($3.83b) revenue last year,`s be`g sold to the American chipmaker 4 the cool $1.4 billion. 4 its part, Intel`s quick to reassure the world (and its antitrust authorities) Z WLS`ll continue to operate as the standalone Business & continue to support ARM-based devices. Chipzilla’s perfectly innocent ploy`s to harness Infineon’s knowhow in future smartphone, tablet & laptop products, provid`g both the process`g & wireless capabilities. Specifically mentioned in the news release`s Intel’s ambition to “accelerate 4G LTE” through this deal, while also not neglect`g its ongo`g efforts w/ WiMAX, w/ the overarch`g strategy be`g described as “a combined path.” V`ldknow more about where this path`ll take us when the acquisition`s completed in the 1st quarter of next year. Continue read`g Intel gobbles up Infineon’s mobile unit in $1.4 billion deal, looks to ‘accelerate 4G LTE’ Intel gobbles up Infineon’s mobile unit in $1.4 billion deal, looks to ‘accelerate 4G LTE’ originally appeared on Engadget on Mon, 30 Aug 2010 03:49:00 EDT. Please C our terms 4 use of feeds . Permalink
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