INTEL ACQUIRES INFINEON SMARTPHONE CHIP UNIT
Intel bought Infineon’s mobile chip division on Monday, for USD1.4 billion in a move that clearly marks the world’s leading chipmaker’s commitment to becoming a dominant player in the smartphone industry. With the purchase, Intel will get its hands on the German chipmaker’s baseband radio chips, which are part of Apple’s iPhones, writes FT. “The acquisition of Infineon’s WLS business strengthens the 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,” said Intel’s CEO Paul Otellini.
Intel bought Infineon’s mobile chip division on Monday, for USD1.4 billion in a move that clearly marks the world’s leading chipmaker’s commitment to becoming a dominant player in the smartphone industry. With the purchase, Intel will get its hands on the German chipmaker’s baseband radio chips, which are part of Apple’s iPhones, writes FT. “The acquisition of Infineon’s WLS business strengthens the 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,” said Intel’s CEO Paul Otellini.
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