Intel close to buying Infineon – report

Rumours that Intel was hoping to snap up Infineon surfaced some weeks ago but now it seems that a deal is imminent.

According to the Wall Street Journal, “people familiar with the situation” have told it that such a deal may come within days, with Intel paying as much as $2 billion for the company.

Infineon is a major player in the baseband interest – it divested itself of its memory unit some time ago.

Other companies interested in picking up Infineon are, apparently, Samsung and Broadcom – these two companies certainly have business and manufacturing models closer to Infineon than Intel.

Intel is hoping that its Atom chips will help it in the smartphone market, but so far there is little sign of design wins. Instead, ARM claims it is the master of the smartphone market.

The WSJ article is here (subscription required).