Intel approaches acquisition of Infineon Wireless chip business

Beijing time August 30 morning news, according to foreign media reports, Intel's acquisition of Infineon's wireless chip business has moved forward a step further.　　The two sides will officially announce the deal as early as Monday, and Intel's bid will reach $1.4 billion, sources said.　　However, the source warned that the two sides have not finalized the deal, so the terms of the agreement is still likely to change, the deal may also fail. Intel is trying to diversify its business, which this month announced a 7.7 billion dollar takeover of McAfee, a security software vendor. Intel said last week that the acquisition of McAfee would help strengthen the mobile business, and Intel is currently developing chips for smartphones.　　Intel believes that information security will be a major problem for billions of of new Internet devices in the coming years. Intel lowered its sales forecasts last week and warned that slow economic recovery would affect consumer demand for computers.　　Intel lowered its third-quarter revenue forecast from $11.6 billion trillion to about $11 billion trillion. Neither Intel nor Infineon has commented on the trading rumours. Infineon confirmed this month that it is negotiating with a number of companies to sell its wireless solutions business. According to Infineon's annual report, the company's wireless chip business ranked fourth in the world last year, with a market share of 5.9%. (Chu Yue)