Intel CEO Paul Otellini Talks About Infineon Wireless Deal
Intel chief executive Paul Otellini appeared on the Fox Business TV Network this morning and if you missed it you will want to watch the interview. The interview was done with Foxs Liz Claman and she asked him why Intel is buying the wireless business of Infineon for $1.4 billion, McAfee for $7.68 billion, as well as the cable modem business of Texas Instruments for an undisclosed price. What is Intel up to? Watch the video below to see if you can find out!
Intels goal is to expand its mobile and embedded product offerings to support additional customers and market segments, including smartphones, tablets, netbooks, notebooks and embedded computing devices. Through this effort, Intel will pair WLS best-in-class cellular technology with its core strengths to enable the delivery of low-power, Intel-based platforms that combine its applications processor with an expanded portfolio of wireless options — bringing together Intels leadership in Wi-Fi and WiMAX with WLS leadership in 2G and 3G, and a combined path to accelerate 4G LTE.
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