Intel to Acquire Infineon's Wireless Solutions Business

NEWS HIGHLIGHTS

Intel to purchase Infineon's Wireless Solutions Business, called WLS,
in a cash transaction valued at approximately $1.4 billion. The deal
is expected to close in the first quarter of 2011.
WLS sale enables Infineon to expand leading position in markets for
automotive, industry and security technologies.
WLS will operate as a standalone business. Intel is committed to
serving WLS' existing customers, including support for ARM-based
platforms.
The acquisition expands Intel's current Wi-Fi and 4G WiMAX offerings
to include Infineon's 3G capabilities and supports Intel's plans to
accelerate LTE. The acquired technology will be used in Intel® Core
processor-based laptops, and myriad of Intel® Atom™ processor-based
devices, including smartphones, netbooks, tablets and embedded
computers.
The deal aligns with Internet connectivity pillar of Intel's computing strategy.

About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern
society: energy efficiency, mobility, and security. In the 2009 fiscal
year (ending September), the company reported sales of Euro 3.03
billion with approximately 25,650 employees worldwide. With a global
presence, Infineon operates through its subsidiaries in the U.S. from
Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan
from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker
symbol: IFX) and in the USA on the over-the-counter market OTCQX
International Premier (ticker symbol: IFNNY).

Intel, the world's largest chip maker, is also a leading manufacturer
of computer, networking and communications products. Additional
information about Intel is available at www.intel.com/pressroom.

--
Nagaraja