Intel Acquires Infineon Wireless Unit for $1.4 Billion

Intel Corp., (INTC) agreed to buy Infineon Technologies AG’s wireless unit for about $1.4 billion, gaining a foothold in the mobile-phone business it has struggled to crack for more than a decade.
The all-cash transaction is expected to close in the first quarter of 2011, Infineon, Europe’s second-largest semiconductor maker, said in a statement today. – Bloomberg

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