Intel plans to buy Infineon Technologies' wireless semiconductor business for $1.4 billion in cash, a move that would expand the chipmaker's offerings in the red-hot smartphone market while also gaining a customer base that includes every major mobile phone maker. Intel and Infineon announced the purchase agreement Monday. The deal is expected to close in the first quarter of 2011.
Intel To Buy Infineon Wireless Unit
The $1.4 billion acquisition would expand the chipmaker's offerings in the smartphone market while also gaining a customer base that includes every major mobile phone maker.
Aug 30, 2010
Latest in Home
Biden Seeks Higher Tariffs on Chinese Steel
April 17, 2024
