Smartphone pursuit leads Intel to Infineon's wireless unit

The growing market for broadband-enabled smartphones--and in turn the growing market to put silicon into those devices--has led Intel (Nasdaq: INTC) to spend $1.4 billion to acquire Infineon Technologies' (NYSE: IFX) Wireless Solutions business. The acquisition "strengthens the second pillar of our computing strategy--Internet connectivity--and enables us to offer a portfolio of products that covers the full range of wireless options from WiFi and 3G to WiMAX and LTE," Paul Ortellini, Intel's CEO said in a prepared statement.

Infineon reportedly ranked fourth in shipments of wireless broadband silicon last year, supplies Apple (Nasdaq: AAPL), Nokia (NYSE: NOK) and Samsung, among other major smartphone makers. Intel, of course, is one of the joint venture partners of the Clearwire (Nasdaq: CLWR) 4G mobile WiMAX play.

Intel is getting to be as acquisitive as Cisco (Nasdaq: CSCO). Recently, the chipmaker bought security software provider McAfee (NYSE: MFE) (which supplies its wares to Comcast Business (Nasdaq: CMCSA), among others in the cable industry) for a cool $7.68 billion. It's also in the process of trying to buy Texas Instruments' (NYSE: TXN) cable modem unit. The entire range of activity is aimed at making Intel's somewhat static chips business more mobile--literally--as broadband moves out of the computer and into the roving device.

For more:
- see this story
- and this press announcement

Related articles:
Nokia teams with Intel for 3D mobile applications
Acquisitive Intel picks up McAfee for $7.68 billion

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.