Intel Buying Mindspeed Assets
Intel is boosting its efforts in the wireless sphere with a new acquisition. It has signed a definitive agreement with communications network infrastructure specialist Mindspeed Technologies to buy the assets of the latter's wireless infrastructure unit, both firms announced in separate press releases today. The terms of the deal were not disclosed.
In its press release, Intel said that by purchasing the unit it "will gain a wireless infrastructure team with deep experience in delivering signal processing-related technologies and IP for base stations." Such offerings are crucial in the functionality of wireless networks.
In its press release, Mindspeed wrote that both it and Intel expect the transaction to close in February. Last month, Mindspeed announced that it had entered into a definitive agreement to be acquired by M/A-COM Technology Solutions Holdings, Inc. At the time, the company said it was "in advanced discussions with a strategic acquirer of its wireless business."
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