Intel is close to an agreement to buy Infineon wireless business, according to Reuters. An announcement could come as early as later today, but certainly next week.
Infineon, which is Europe’s second-largest chipmaker, wants 1.5 billion euros for its wireless business.The Infineon deal would get Intel chips onto phones.
The outfit makes processors for Apple’s iPhone would be the second big buy for Intel this week. Intel wrote a cheque for $7.68 billion to buy insecurity outfit McAfee.
The Infineon unit, which also makes chips for Samsung’s Galaxy S phone, had sales of 346 million euros in the fiscal third quarter, a 38 percent increase from a year earlier.
The market for processors that run smartphones is dominated by ARM Holdings which licenses its designs to companies including Qualcomm, Texas Instruments and Samsung.