Intel Acquires Infineon's Mobile Unit

Category: General News
Posted: August 30, 2010 04:17PM
Author: bp9801

Intel is in a buying mood lately as it has just acquired the mobile unit of Infineon. Infineon is the company behind the baseband chips in various mobile phones and Intel has purchased the Wireless Solutions Business, or WLS, of Infineon for $1.4 billion. The WLS part of Infineon accounted for nearly one third of Infineon's total revenue of $3.83 billion last year so the division is a heavy hitter. Intel assures everyone that WLS will continue to function as a standalone business and still support ARM-based devices. Intel bought the division to help out in future smartphones, tablets, and laptops as well as advancing the 4G LTE market. Intel will still support Wi-Fi and WiMAX just it wants to get 4G LTE in as many markets as possible and presumably as quickly as possible. The WLS acquisition is expected to finalize in the first quarter of next year.

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