Intel agreed to buy Infineon’s wireless chipset unit for about $1.4...
Intel agreed to buy Infineon’s wireless chipset unit for about $1.4 billion in cash. The acquisition, expected to close in the first quarter of 2011, strengthens the buyer’s position in the smartphone chip business, Intel said. The deal “strengthens the…
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second pillar of our computing strategy -- Internet connectivity -- and enables us to offer a portfolio of products that covers the full range of wireless options from Wi-Fi and 3G to WiMax and LTE,” Intel CEO Paul Otellini said. “As more devices compute and connect to the Internet, we are committed to positioning Intel to take advantage of the growth potential in every computing segment, from laptops to handhelds and beyond."