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Intel to Buy Infineon Wireless Unit for US$1.4 Billion

Intel to Buy Infineon Wireless Unit for US$1.4 Billion

If you still have any doubts about Intel's ambitions in the mobile hardware space, they should all be removed by the official news that the chip giant has moved to acquire Infineon's wireless unit. For US$1.4 billion, Intel will get a company with technologies that complement its own chip building capabilities, since a mobile phone combines both communications (from Infineon's wireless unit) and processing aspects (Intel's own Atom derivatives). We are still not too sold about Intel's 7.7 billion capture of  McAfee though.

Ars Technica - After nearly a month of rumors foreshadowing the deal, it's now official: Intel is buying Infineon's wireless unit for $1.4 billion in an all-cash transaction that will close in the first quarter of next year. To really understand what this purchase will do for Intel, you need a bit of technical background.

Click here to read the full story.

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