Clearwire gets $900 million boost from Intel and Motorola
Intel and Motorola have decided to put their money where Craig O. McCaw's mouth is by investing $900 million dollars in his company, Clearwire, the WiMax provider that lost $140 million last year. Intel, having already made a smaller investment in the company back in 2004, is coughing up another $600 million cash, which sounds like a good indicator to us that their Centrino chips with WiMax are on the right development track. Motorola's smaller, but still substantial, $300 million dollar investment includes the purchase of NextNet, a Clearwire hardware subsidiary. All three companies are hoping that this deal brings us all one step closer to keeping us wired -- wirelessly of course -- no matter where we go, and that sounds good to us. As long as they can do it without making us all incredibly sick.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.