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Intel Pays $1.4 Billion for Infineon Wireless Solutions
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Intel has acquired Infineon‘s Wirless Solutions (WLS) business for $1.4 billion. WLS, which provides cellular platforms to global phone makers, will operate as a standalone business, and will continue to serve its existing customers.

Intel says WLS will also contribute to its strategy to make connected computing ubiquitous across laptops, smartphones, and embedded computing.