Intel buys Infineon for $1.4B

Intel announced it will acquire Infineon Technologies' wireless division for $1.4 billion.

The acquisition, rumored for several weeks, is expected to help the computer chip giant compete in the smartphone market and make a run for the lead in the LTE baseband market. Intel is keen on getting chips into mobile devices as they outpace traditional CPUs that go into PCs. So far, Intel's low-power Atom chips have struggled to make their way into smartphones. Now it should have the resources to take on dominant player Qualcomm (NASDAQ:QCOM) in the LTE baseband market.

Infineon's Wireless Solutions division makes 3G chips and baseband processors that are used in Apple's iPhone and the iPad, and Samsung's Galaxy S.

For more:
- see this IDG News Service article

Related articles:
Rumor Mill: Intel nearing $1.4B deal for Infineon's mobile chip unit
Intel debuts new Atom platform for smartphone push
Intel brings Android to Atom smartphone processors
Chipset vendors' challenges multiply amid smartphone upheaval
Intel unveils software push, hints at mobile plans

Suggested Articles

The C-Band Alliance (CBA) now says the U.S. could see billions of dollars going to the U.S. Treasury if its auction of C-band spectrum gets approved.

For the interoperability test, the companies integrated a bunch of their virtual network functions (VNFs).

Antenna tuning allows devices to operate efficiently across a huge range of spectrum from low to high bands, and it's going to be vital to 5G.