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Intel gobbles up Infineon's mobile unit in $1.4 billion deal, looks to 'accelerate 4G LTE'
Infineon, the company behind the baseband chips inside your super-duper new phone, is about to cash out from the wireless industry courtesy of Intel's insatiable appetite. The Wireless Solutions Business (WLS), which accounted for nearly a third of Infineon's €3 billion ($3.83b) revenue last year, is being sold to the American chipmaker for a cool $1.4 billion. For its part, Intel is quick to reassure the world (and its antitrust authorities) that WLS will continue to operate as a standalone business and continue to support ARM-based devices. Chipzilla's perfectly innocent ploy is to harness Infineon's knowhow in future smartphone, tablet and laptop products, providing both the processing and wireless capabilities. Specifically mentioned in the news release is Intel's ambition to "accelerate 4G LTE" through this deal, while also not neglecting its ongoing efforts with WiMAX, with the overarching strategy being described as "a combined path." We should know more about where this path will take us when the acquisition is completed in the first quarter of next year.
