Intel (INTC) buys Infineon's (IFNNY.PK) wireless unit for $1.4B in cash. The deal will...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) buys Infineon's (IFNNY.PK) wireless unit for $1.4B in cash. The deal will significantly strengthen Intel in cellphone chips, an area in which it has met with limited success in the past, and marks the company's second acquisition in as many weeks. (PR)