Intel closes in on wireless business

Frankfurt: Intel, the world’s largest chipmaker, is close to an agreement to buy Infineon Technologies’ wireless business.

An announcement could come as early as this week. Infineon, Europe’s second-largest chipmaker, is seeking about €1.5 billion for its wireless business.

Infineon’s mobile business, which makes processors used in Apple’s iPhone, would help Intel get its chips into a larger array of devices.