Summary Box: Intel buying German chipmaker Infineon’s wireless operationsBy AP
Monday, August 30, 2010
Summary Box: Intel buying wireless business
THE DEAL: Intel Corp. is buying the wireless communications unit of Germany’s Infineon Technologies AG for $1.4 billion in cash.
WHAT UNIT PROVIDES: Intel gets a piece of the growing smart phone market. The unit now makes chips for Apple Inc.’s iPhone.
DOUBLE PLAY: Less than two weeks earlier, Intel announced plans to buy security software maker McAfee Inc. With McAfee, Intel would be able to bake security into its mobile chips — including those from Infineon.