Intel buys iPhone processor maker
Intel has purchased part of the large wireless chip maker Infineon Technologies AG, buying the company behind the chips used in the Apple iPhone.
The company has fallen far behind in the growing smartphone processor market since their technology uses too much power, draining the phone battery too quickly.
With the acquisition today, for $1.4 billion in cash, Intel now has the wireless-chip division of the company, and an instant “in” to the market.
Intel purchased the mobile software company Wind River Systems last year for $885 million, and they have since been creating the mobile OS dubbed “Moblin,” which will run on smartphones using Intel chips.
Additionally, the company recently paid $7.68 billion for the large security software firm McAfee, and the company plans to integrate security into its mobile chips.
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