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08.30.2010 - Intel to Acquire Infineon's Wireless Solutions Business



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NEWS HIGHLIGHTS

  • Intel to purchase Infineon's Wireless Solutions Business, called WLS, in a cash transaction valued at approximately $1.4 billion. The deal is expected to close in the first quarter of 2011.
  • WLS sale enables Infineon to expand leading position in markets for automotive, industry and security technologies.
  • WLS will operate as a standalone business. Intel is committed to serving WLS' existing customers, including support for ARM-based platforms.
  • The acquisition expands Intel's current Wi-Fi and 4G WiMAX offerings to include Infineon's 3G capabilities and supports Intel's plans to accelerate LTE. The acquired technology will be used in Intel® Core processor-based laptops, and myriad of Intel® Atom™ processor-based devices, including smartphones, netbooks, tablets and embedded computers.
  • The deal aligns with Internet connectivity pillar of Intel's computing strategy.

 

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NID: 34716 / Submitted by: The Zilla of Zuron
Categories: Press Release
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