Intel Buys ST-Ericsson's GPS Business
ST-Ericsson today revealed that it has sold its mobile GPS business to Intel for an undisclosed sum. ST-Ericsson is a joint venture between STMicroelectronics and Ericsson. The two parent companies revealed earlier this year that they were preparing to wind the struggling venture down. ST-Ericsson's GPS-related assets and engineers will be added to Intel's existing GPS business. Intel, which recently named a new CEO, is making a concerted push to become a mainstream player in the mobile chip business. This acquisition can help it in that pursuit.
Ericsson to Dump Mobile Modem Biz
Ericsson today said it will cease to make wireless modems for mobile devices and cut about 1,000 jobs as a result. Ericsson cited fierce competition in the space as playing a role in its decision.
Intel to Buy Lantiq to Further Internet of Things
Intel today said it has agreed to purchase Lantiq for an undisclosed sum. Lantiq, which is based in Germany, makes broadband and home connectivity equipment.
Intel to Merge Mobile and PC Chip Businesses
Intel plans to combine its mobile chip business with its PC chip business so it can make its mobile chips more competitive. Intel has struggled against competitors Qualcomm and Samsung when it comes to supplying processors for smartphones and tablets.
Intel Says It Has a 5G Modem
Intel today announced next-generation modem for mobile devices, aptly named the Intel 5G Modem. Intel says the idea behind the 5G Modem is to help push the development of 5G ahead.