Intel on the Verge of Acquiring Infineon
According to sources cited by the Wall Street Journal, Intel could announce its intent to acquire wireless chip maker Infineon as early as Monday. The Journal's sources indicated that Intel would pay less than $1.5 billion for Infineon. Infineon makes chips and components for smartphones, and in particular supplies the cellular baseband chip to Apple for the iPhone. The Journal notes that both Samsung and Broadcom were also interested in Infineon, which hoped to fetch as much as $2 billion in a sale. Intel and Infineon haven't officially announced a deal. Intel has had trouble penetrating the market for smartphones in recent years. Acquiring Infineon would give it an instant foot in the door.
Avago Technologies May Buy Broadcom
Avago Technologies is in advanced talks to acquire Broadcom, reports the Wall Street Journal. Terms of the deal are not yet available, and the Journal's sources say the deal may not be signed.
Intel to Buy Altera for $16.7 Billion
Intel today said it has agreed to purchase Altera Corp. for $16.7 billion.
Intel Cancels Several Phone Chips
Intel said it will discontinue a handful of processors meant for smartphones and tablets as it continues to shift its business toward more profitable products. In particular, Intel has cancelled plans to sell three of its SoFIA processor-baseband combination chips.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
Intel Debuts 5G Radios
Intel today announced a range of 5G modems for mobile devices that rely on various technologies to handle the transition from 4G to 5G. The XMM 8000 series will handle multi-mode operations on 600 MHz and mmWave band around the globe and will be ideal for PCs, phones, and fixed wireless equipment.