) recently announced that it has entered into a definitive
agreement to acquire the assets of the wireless infrastructure
business unit of
Mindspeed Technologies, Inc
). The terms of the deal were, however, not disclosed.
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Mindspeed Technologies was formed from the spin-off of the
Network Access division of Conexant Systems, Inc. to shareowners
on Jun 27, 2003. Mindspeed's semiconductor portfolio is
classified into four main product families: wireless,
communications convergence processing (CCP), high-performance
analog (HPA) and wide area networking (WAN) communications.
These wireless assets are expected to help Intel products in
processing tasks in the data center as well as in transmitting
data over wireless networks to mobile devices. Of late, in
addition to bringing communication capabilities to mobile
devices, Intel is also concentrating on building up its data
center assets to serve the mobile market. Intel expects
Mindspeed's technology to fit into base stations and
Intel had entered into negotiations for the acquiring of
Mindspeed's wireless assets only recently, after Mindspeed
announced that it had entered into a deal with M/A-COM Technology
Solutions Holdings, Inc.
This acquisition of wireless assets will enable Intel to pose
fierce competition for chip rivals,
) and Mellanox, in the mobile device and data center market.
Intel seems to have taken the same path as
), which has been on an acquisition spree of late. Intel acquired
Hacker League recently in Dec 2013. Earlier this year, it
acquired the HTML5 assets of appMobi followed by the acquisition
of Mashery in February.
Intel is poised to register growth in the future by emphasizing
on its primary sphere of competencies, expanding its core
business lines and by forging manufacturing agreements with other
OEM manufacturers instead of adding new business lines and moving
into the consumer electronics market with flashy new products.
Intel Corporation is one of the world's largest semiconductor
chipmakers. Intel reported third-quarter revenues of $13.48
billion, within the guidance range of 13.5 billion (+/-$500
million). This was up 5.2% sequentially and 0.2% year over year.
Intel reported third-quarter revenues of $13.48 billion, up 5.2%
sequentially and 0.2% year over year. The reported revenues were
within the company's guidance of 13.5 billion (+/-$500 million).
Currently, Intel has a Zacks Rank # 3 (Hold).