Intel Buying iPhone Chipmaker Infineon's Wireless Unit
Intel apparently means business when it comes to wanting to step up its game in the mobile realm. Just how serious are the folks at Intel? Serious enough to plunk down $1.4 billion to purchase the entire wireless division of Infineon, a well-known and far from minor component supplier for the iPhone. According to published reports on the deal announced Monday, the purchase heavily pertains to integral mobile and wireless technologies like Wi-Fi, 3G, WiMAX and LTE.
As observed by our friends at MarketWatch, one of the primary reasons that Intel is eager to diversify beyond its core business of providing computer chips is that "this market is softening." On Friday, for example, this "softening" was especially apparent, as Intel was forced to slash its annual sales forecast, "citing a weaker-than-expected PC market."
While Intel's explicit plans are not yet known, the general overture the company is making toward the wireless sector could ultimately yield some interesting results within the mobile space. And it sounds as though this is precisely what Intel Chief Executive Paul Otellini has in mind for his company's newest acquisition. "As more devices compute and connect to the Internet, we are committed to positioning Intel to take advantage of the growth potential in every computing segment, from laptops to handhelds and beyond," Otellini said.