The U.S. Intel acquired the business "wireless" (Wireless Business Solutions) of the German manufacturer Infineon semiconductors. The transaction is expected to close in the first quarter 2011, approximately $ 1.4 billion (nearly 1.1 billion euros), according to a joint statement released Monday.
The wireless division will continue to operate independently within the Intel group, the statement said. She recorded the last fiscal year sales of 917 million euros, representing about 30% of the total turnover of Infineon.
With this sale, the German group wants to focus on its core business: automotive technology, industrial and security.
The transaction should allow Intel to increase the market for smartphones and embedded technologies with the expertise of Infineon payday loans. The acquired technology is also used in laptops, ultra-portable or tablets. "The acquisition of Infineon's wireless business strengthens the second pillar of our strategy computer connectivity to the Internet and allows us to offer a product portfolio covering the full range of wireless solutions," said Paul Otellini The CEO of the California firm.
Rumors of rapprochement between the two groups were revealed Sunday by the Wall Street Journal, which states that Samsung and Broadcom were also interested in the transaction. The U.S. daily said that Infineon hoped to realize $ 2 billion of the transaction.