Intel To Buy Infineon’s Wireless Division

Wade Roush8/30/10

Hot on the heels of a controversial purchase of McAfee two weeks ago, Intel in Santa Clara said today that it has agreed to buy the wireless services business of Neubiberg, Germany-based Infineon for $1.4 billion. The Infineon division, a rival of San Diego’s Qualcomm, makes 2G and 3G cellular chips and “complements Intel’s existing assets and enables growth in mobile computing, smartphones and embedded computing,” in the words of an announcement.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.