Intel to acquire Infineon’s Wireless Solutions business
Infineon Technologies and Intel Corp. (http://www.intel.com) have entered into a definitive agreement to transfer Infineon’s Wireless Solutions (WLS) business to Intel in a cash transaction valued at approximately US$1.4 billion.
WLS, a provider of cellular platforms to top tier global phone makers, will operate as a standalone business serving its existing customers. WLS will also contribute to Intel’s strategy to make connected computing ubiquitous from smartphones to laptops to embedded computing, says Paul Otellini, Intel president and CEO.
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