Friday, August 27, 2010

Intel Intent on Ingesting Infineon

Intel Intent on Ingesting Infineon

Intel Intent on Ingesting Infineon

Posted: 27 Aug 2010 03:00 AM PDT

John Paczkowski, On Friday August 27, 2010, 6:00 am

Intel's in an acquisitive mood these days. A week after buying antivirus software maker McAfee for $7.68 billion the company is reportedly finalizing a deal to acquire Infineon Technologies' wireless business. No word yet on its terms, though Infineon's asking price is rumored to be nearly $2 billion.

If it's able to consummate a deal — and sources say that could happen as early as today — Intel (INTC) will with one move become a major player in the smartphone chip market, a component supplier to the likes of RIM (RIMM), Samsung, Nokia (NOK) and Apple (AAPL)– you'll find Infineon silicon in the iPad and iPhone, both. And that's something its openly lusted after for years — or at least since it sold off its own communications and application chip business to Marvell four years ago …

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