Chip giant Intel has announced that it is buying Infineon's Wireless solutions business. The deal is expected to close in Q1 2011 and will cost Intel $1.4 billion. The business is called WLS and will continue to operate as a separate business form Intel.
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WLS will continue to serve its existing customers, including customers needing support for ARM-based platforms. The purchase will also allow Intel to expand its current WiFi and WiMax offerings around the 3G capability that Infineon has already.
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The boards of both Intel and Infineon have both approved the deal. The deal is still subject to customary closing conditions though.