In early August iDB reported that Intel was looking at buying chip manufacturer Infineon Technologies. Last night the 1.4 billion dollar acquisition was solidified according to 9 to 5 Mac.
Intel CEO, Paul Otellini, said the following regarding the purchase:
The acquisition of Infineon’s WLS (Wireless Solutions) business strengthens the second pillar of our computing strategy–Internet connectivity–and enables us to offer a portfolio of products that covers the full range of wireless options from Wi-Fi and 3G to WiMax and LTE (4G)...