Investments, News

Intel to acquire wireless assets of Mindspeed Technologies

intelIntel has announced signing an agreement to acquire certain assets of the wireless infrastructure division of Mindspeed Technologies, Inc. The financial terms of the deal were not disclosed. The deal is expected to close around February next year.

The team and technology Intel is acquiring will make important contributions to the company’s plans to introduce Intel Architecture-based solutions for wireless access within mobile network infrastructure.

Mindspeed, which manufactures semiconductor solutions for the telecommunications industry, was acquired in November this year for USD 272 Mn by M/A-COM Technology Solutions Holdings, a supplier of high performance RF, microwave and millimeter wave products. Intel’s portion of the Mindspeed business will include the chips that receive and translate the radio signals bouncing around cellular networks, according to reports. The company’s low-power system-on-chip (SoC) products help drive video, voice and data applications in fiber-optic networks across the globe and enable advanced processing for 3G and LTE mobile networks.

Intel has been showing a lot of interest in bringing its Intel architecture to the telecommunications market. Currently the telecommunications network is based on a variety of custom silicon and PowerPC chips, which pose a lot of problems such as a need for a different IT network for cloud computing operations, along with a growing demand for wireless data.

With this deal, Intel aims to converge telecom and enterprise IT infrastructure. “Through this acquisition, Intel will gain a wireless infrastructure team with deep experience in delivering signal processing-related technologies and IP for base stations”, wrote Rose Schooler, Vice President and General Manager.

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