Intel has agreed to acquire Infineon Technologies' Wireless Solutions business for approximately $1.4 billion, the companies announced late Sunday, as the world's largest chipmaker seeks to boost its presence in smartphones. "The global demand for wireless solutions continues to grow at an extraordinary rate," Intel CEO Paul Otellini said in a statement. "The acquisition of Infineon's WLS (Wireless Solutions) 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 (4G)."
Infineon ranked fourth in cellular-baseband shipments last year with a 10.7 percent unit share, according to a recent report from The Linley Group. Baseband chips enable wireless broadband, or 3G, on smartphones and tablets.
The Germany-based company is a major supplier to Apple, Nokia, Samsung, and others.
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Source:http://news.cnet.com/
