Intel acquires Infineon’s smartphone chip unit for $1.4 billion

Mon, Aug 30, 2010


MercuryNews reports:

In its second major deal in just over a week, Intel has agreed to buy German-based Infineon Technologies’ wireless communications unit for $1.4 billion in cash, a move the Santa Clara goliath hopes will help get it into the fast-growing market for smartphones and other mobile gadgets.

The Infineon unit makes chips for smartphones including Apple’s iPhone. Intel, which has had trouble getting its chips into products other than personal computers, also agreed Aug. 19 to pay $7.7 billion to buy Santa Clara security software maker McAfee.

“We are committed to positioning Intel to take advantage of that growth potential in every computing segment, from laptops to handhelds and beyond,” Intel CEO Paul Otellini said in announcing the Infineon deal late Sunday night.


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