Intel buys Infineon wireless

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As per the management email sent to Infineon employees this morning, Infineon and Intel have signed the contracts related to the sale of Infineon's Wireless business to Intel Corporation for a sum of approximately US Dollars 1.4bn. Initial reports suggest that IFX's Wireless division is to become a standalone business including all related functions within the Intel group. According to the latest status they expect around 3,400 Infineon employees worldwide will transfer to the new company.

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