Intel Acquiring Infineon’s Wireless Unit for $1.4 billion

Intel is on the move in the mobile space. On Monday, it was announced that Intel is shelling out $1.4 billion to purchase the wireless division of Infineon, a major component supplier for laptop and mobile devices, the most famous of which is the iPhone. According to MarketWatch, the purchase strongly relates to integral mobile …   Read More

1349 0
1349 0

Intel is on the move in the mobile space.

On Monday, it was announced that Intel is shelling out $1.4 billion to purchase the wireless division of Infineon, a major component supplier for laptop and mobile devices, the most famous of which is the iPhone.

According to MarketWatch, the purchase strongly relates to integral mobile and wireless technologies like Wi-Fi, 3G, WiMAX and LTE.

Among the initially assumed and ultimately stated reasons for Intel’s acquisition is that the company is admittedly eager to diversify beyond its core business of providing computer chips. To say that “this market is softening” would , in fact, be an understatement.

On Friday, for example, Intel had to cut its annual sales forecast, “citing a weaker-than-expected PC market.”

Although few details are known about Intel’s next steps beyond the freshly announced acquisition, Intel Chief Executive Paul Otellini is foreshadowing bigger and bolder moves for his company in the mobile space.

“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,” Otellini said.

In this article