TweakTown
Tech content trusted by users in North America and around the world
5,667 Reviews & Articles | 36,021 News Posts

Intel to buy Infineon Wireless Solutions Business

Deal will cost $1.4B

| CPUs, Chipsets & SoCs News | Posted: Aug 30, 2010 6:10 pm

Intel is the largest CPU maker on the planet and is one of the biggest companies operating in other technology segments. Recently Intel gobbled up McAfee, the company famous for anti-virus and malware protection. Intel has now announced that it intends to acquire the Wireless Solutions Business arm of Infineon called WLS.

 

TweakTown image news/1/6/16590_4.jpg

 

WLS will continue to operate as a separate company from Intel and will continue to serve the customers it currently has, including those using ARM tech. The deal has been approved by the boards from both companies and is estimated to be worth about $1.4 billion.

 

The deal is approved by the boards of both companies, but it is still subject to other closing conditions and approvals from regulators. Intel hopes that the deal will be complete sometime in Q1 2011. Intel expects the deal to expand its current WiFi and 4G WiMax portfolio with Infineon 3G capability and supports Intel's goal to accelerate LTE. Intel also states that the tech will be used in Intel Core Processor based laptops.

 

NEWS SOURCE
Intel.com

Related Tags

Further Reading: Read and find more CPUs, Chipsets & SoCs news at our CPUs, Chipsets & SoCs news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below