Monday, August 30, 2010
Intel Buys Infineon's Wireless Solutions Business
Intel confirmed Monday morning that it is purchasing Infineon's Wireless Solution Business (WLS), in a cash deal worth approximately $1.4 billion. According to Intel, WLS will operate as a standalone business, with the deal closing sometime in the first quarter of 2011. Intel said the buy will expand its current Wi-Fi and 4G WiMAX offerings. Rumors of the acquisition have been widely reported over the last month or so.