German chip maker Infineon Technologies AG will sell a unit that makes products for wireless phones to the U.S. company Intel Corp. in a deal of 1,400 million dollars in cash,Intel acquires Infineon's wireless the companies said Monday.
Infineon said the sale of its wireless solutions, or WLS, we will focus on its core business divisions are automotive, industrial, and safety circuit boards.
Intel said the
acquisition to
indefineon wireless will strengthen its presence in Internet connectivity.
Inte buy Infineon's wireless
WLS will operate as a separate business, the companies said in a joint statement. It is expected that the agreement still subject to approval by the authorities to close in the first quarter of 2011and
Intel acquires
Infineon's wireless operations.
The acquired technology will be used in laptops with
Intel processors and devices like smart phones, netbooks, tablets and embedded computers.
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