Intel gobbles up Infineon’s mobile unit in $1.4 billion deal, looks to ‘accelerate 4G LTE’
Infineon , the company behind the baseband chips inside your super-duper new phone , is about to cash out from the wireless industry courtesy of Intel's insatiable appetite . The Wireless Solutions Business (WLS), which accounted for nearly a third of Infineon's €3 billion ($3.83b) revenue last year, is being sold to the American chipmaker for a cool $1.4 billion. For its part, Intel is quick to reassure the world (and its antitrust authorities) that WLS will continue to operate as a standalone business and continue to support ARM-based devices.