Intel Buys Infineon Wireless Unit For $1.4B# Stock
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http://online.wsj.com/article/BT-CO-20100830-708195.html
DUESSELDORF (Dow Jones)--Intel Corp. (INTC) agreed to buy the wireless unit of Germany's Infineon Technologies AG (IFX.XE) for $1.4 billion (EUR1.1 billion) in cash, both companies said Monday.
With the deal, Intel, the world's largest semiconductor company, significantly strengthens its position in an area in which it has had limited success previously.
"The acquisition of Infineon's wireless business strengthens the second pillar of our
DUESSELDORF (Dow Jones)--Intel Corp. (INTC) agreed to buy the wireless unit of Germany's Infineon Technologies AG (IFX.XE) for $1.4 billion (EUR1.1 billion) in cash, both companies said Monday.
With the deal, Intel, the world's largest semiconductor company, significantly strengthens its position in an area in which it has had limited success previously.
"The acquisition of Infineon's wireless business strengthens the second pillar of our