Intel to Buy Infineon's Wireless Biz for $1.4 Billion
Intel today announced its intent to acquire Infineon's wireless solutions business for $1.4 billion. Intel will pay cash for Infineon's wireless segment, which makes chips for smartphones. Infineon Wireless Solutions will become a standalone business owned by Intel. The firms expect the deal to close during the first quarter of 2011.
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 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 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.