TITLE

Intel to Buy Wireless Unit of German Chip Maker for $1.4 B

AUTHOR(S)
Gallagher, Matt
PUB. DATE
August 2010
SOURCE
Red Herring;8/31/2010, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of computer company Intel Corp. to acquire Wireless Solutions (WLS), the wireless communications unit of Infineon Technologies AG, for 1.4 billion U.S. dollars. WLS will be operated by Intel as a standalone business. Infineon will be able to focus on its automotive, industrial and multi-market, and other segments through the sale of WLS, according to Intel president and chief executive officer (CEO) Paul Otellini. The deal will provide Intel the expertise to develop batteries that last for long hours.
ACCESSION #
53987658

 

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