Intel Gobbles Infineon Wireless Solutions Business For $1.4B

Posted: Aug 30 2010, 9:51am CDT | by , in News | Technology News

Intel Gobbles Infineon Wireless Solutions Business for $1.4B
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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.

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.

The boards of both Intel and Infineon have both approved the deal. The deal is still subject to customary closing conditions though.

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