In a deal announced on Monday, Intel will acquire German mobile chip manufacturer Infineon -- who makes the baseband chip used in the iPhone -- in a deal valued at $1.4 billion. Prior to making the move, Intel’s chief claims that he solicited Apple CEO Steve Jobs’ opinion, who is said to be “happy” with the deal.
This morning, Intel announced that it will acquire Infineon, the German mobile chip manufacturer that makes the baseband chip found in the iPhone, for $1.4 billion. The deal is expected to be finalized and official by the first quarter of 2011.
The acquisition will expand Intel's current Wi-Fi and 4G WiMAX offerings to include Infineon's 3G capabilities and Intel's plan to advance LTE. Currently, the technology will only be used in Intel's Core processor-based laptops and Intel Atom processor-based mobile devices.