Asia Bizz: Its Official, Intel To Buy Infineon’s Wireless Unit For $1.4 Billion
It official that world’s biggest chip maker, Intel will be buying the German technology company Infineon’s wireless unit for $1.4 billion. Sources have said the cash transaction for the acquisition will be done during the first quarter of 2011. Sources told Reuters that, the companies will be reaching an agreement on the future of Infineon’s wireless sector in the next couple of days.
For Intel this is the second biggest deal in a span of weeks, as it also purchased McAfee antivirus for $7.7 billion. It has now decided that it will be going ahead in the field of mobiles, as this is the only field where Intel has not stepped in.
Intel does have a mobile technology chip, the Atom, which is found on netbooks and rarely on smartphones, this acquisition will help Intel to step into the world of Smartphone where there are already giant players. But as per the experts, the acquisition of Infineon is a good sign but it will take years to produce good and promising results for Intel in the mobile market.
Source: Reuters
