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Intel Again Seeks to Use Acquisitions to Expand in Wireless
By Thom Holwerda on 2010-08-30 21:58:07
"Intel Corp.'s $1.4 billion acquisition of Infineon Technologies AG's wireless unit marks another step by the chip maker to expand in the wireless device market, an area where it has struggled in the past. Intel's need to push further into wireless was highlighted Friday by the company's surprising warning that third-quarter revenue would fall short of its previous expectations because of weaker-than-expected demand for consumer PCs. Smartphones and other mobile devices have long been a faster-growing segment than the PC market."

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