Intel's buying spree might continue, with Infineon being next

Subject: General Tech | August 27, 2010 - 09:01 AM |
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According to sources from Bloomberg, Infineon might be Intel's next purchase at a price of $1.9 billion; less than McAfee but still not chump change.  Specifically they are targeting the wireless division, which currently supplies the processors in phones from Samsung and others focuses on the communications side of the phone as opposed to powering the OS and extra functions.  This could mean that Intel has a ready made communications chip and can simply pair it with one of their low power CPUs to provide the muscle for the extra apps.  You can read more over at The Inquirer.

No wonder Intel is predicting it will miss revenue targets this quarter.

"CHIPMAKER Intel is getting close to splashing out the cash once again as reports are claiming that the firm is close to buying Infineon's wireless division.

Fresh from announcing that it will spend $7.68 billion to buy insecurity outfit McAfee, it seems that Intel wants more. Bloomberg reports that Chipzilla will have to fork over around $1.9 billion for Infineon's wireless division. Though it isn't a done deal, three people directly involved in the negotiations said that both parties are "close to an agreement"."

Here is some more Tech News from around the web:

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Source: The Inquirer
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