Intel ‘World’s largest chip maker’ is ready to seek and boost their presence in smartphones as they agreed to acquire Infineon Technologies’ Wireless Solutions business at the cost of whooping $1.4 billion. This announcement was made late Sunday by the company.
Intel CEO Paul Otellini in a statement said, “The demand for wireless solutions globally continues to grow at an extraordinary rate with rapid pace”. He also added “With the acquisition of Infineon’s Wireless Solutions business, strengthens the our second pillar computing strategy–Internet connectivity–and enables us to offer a portfolio of products that covers the full range of wireless options from Wi-Fi and 3G to WiMax and LTE (4G).”
Infineon was ranked 4th largest company for the cellular-baseband shipments last year in 2009. The company has 10.7% unit share according to a report by Linley Group. This German based company i.e. Infineon is a major supplier to Nokia, Apple, Samsung and many others.
Earlier Intel announced this month to acquire Security Software vendor McAfee at $7.68 billion. Intel expects to become standalone wireless unit to support existing customers and to include ARM-based products as well as Intel application based processor platforms with 3G solutions
