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 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.
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.