Intel has announced that it completed the acquisition of Infineon Technologies' Wireless Solutions (WLS) business. The deal was announced on August 30, 2010 an value at US$1.4 billion

WLS is part of Intel's strategy to accelerate always-connected computing platforms that span a variety of device and market segments including notebooks, cars, smartphones, tablets and smart TVs, Intel said. The business brings together Intel's strengths in Wi-Fi and 4G WiMAX with WLS' leadership in 2G and 3G, and a combined path to accelerate 4G LTE.

The new wireless business will now be called Intel Mobile Communications (IMC) and will operate as a standalone business entity within Intel's Architecture Group to enable continuity of existing customer sales, projects and support, including ARM-based products, according to Intel.

IMC will continue with its current business model of supplying leading-edge wireless and cellular platforms to its customers worldwide, in addition to support of Intel Core and Atom-based application processor platforms, Intel said.

Infineon indicated that following the sale, approximately 3,500 employees in total will move globally from Infineon to IMC.

"This transaction marks the completion of Infineon´s reorientation over the last years toward a higher stability," said Peter Bauer, CEO of Infineon. "Infineon currently holds market leading positions in each of its three remaining business segments, automotive, industrial and security electronics, and enjoys excellent prospects in these markets in terms of growth and profitability."

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved