SANTA CLARA, Calif. (
is buying the wireless solutions business of Germany's
for about $1.4 billion cash.
The acquisition is expected to close in the first quarter of 2011.
Infineon's WLS, a provider of cellular platforms global phone makers, will operate as a standalone business. It also will contribute to Intel's strategy to make connected computing "ubiquitous from smartphones to laptops to embedded computing," the companies said in a joint press release.
"The global demand for wireless solutions continues to grow at an extraordinary rate," said Paul Otellini, Intel president and CEO, in a statement. "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."
-- Written by Joseph Woelfel
>To contact the writer of this article, click here:
>To submit a news tip, send an email to: