Intel to buy Infineon Wireless Solutions Business

Deal will cost $1.4B.

@ShaneMcGlaun
Published Mon, Aug 30 2010 1:10 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT
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.

Intel to buy Infineon Wireless Solutions Business | TweakTown.com


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

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

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