Infineon completes sale of Mobile Phone Business to Intel – new company Intel Mobile Communications starts operations

Infineon Technologies headquarters Campeon in ...

Image via Wikipedia

Infineon Technologies AG today (31st january 2011) has completed the sale of the mobile phone business (Wireless Solutions 1) to Intel Corporation.

Following the sale, approximately 3,500 employees in total will move globally from Infineon to the new company Intel Mobile Communications GmbH (IMC). IMC will be headquartered in Neubiberg near Munich, Germany. As planned, Prof. Dr. Hermann Eul will become the President of IMC, leaving his position as Member of the Management Board of Infineon Technologies AG. His former responsibilities for Sales and Marketing will be taken over by CEO Peter Bauer. Dr. Reinhard Ploss will take over responsibilities for Technology and R&D in addition to being Head of Operations and Labor Director.

“I’m very glad to be able to hand over the mobile phone business to Intel in such great shape, and am delighted to know it will be led by Prof. Dr. Eul. Together with Intel there are bright prospects for further growth and further strengthening its market position”, said Peter Bauer, CEO of Infineon Technologies. “This transaction marks the completion of Infineon´s reorientation over the last years toward a higher stability. Infineon currently holds market leading positions in each of its three remaining business segments – automotive, industrial and security electronics – and enjoys excellent prospects in these markets in terms of growth and profitability.”

Infineon and Intel announced the sale of the mobile phone business on August 30, 2010. The final purchase price amounts to 1.4 billion US Dollars in cash.

1 Besides the mobile phone business, the former Wireless Solutions segment included analog and digital TV tuner and satellite radio receiver components as well as the radio frequency power transistors for amplifiers in cellular base stations; this business will remain with Infineon.

 

Tags: , , ,

Categories: Partner News

SUBSCRIBE & CONNECT

Subscribe to our RSS feed and social profiles to receive updates.

One Comment on “Infineon completes sale of Mobile Phone Business to Intel – new company Intel Mobile Communications starts operations”

  1. February 12, 2011 at 6:02 am #

    Although satellite telephones can be used for geostationary orbit connecting the whole world with only three or four satellites, the most popular civilian system is Inmarsat. Geostationary satellite phone requires a large antenna system for signal receipt and transmission. This makes the entire system inconveniently large and affects mobility and ease of use, quite adversely.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: