INTEL HAS PICKED UP the Axxia networking business of LSI for $650m in a cash only deal.
Previous owner Avago bought LSI for $6.6bn earlier this year. During 2014, it has been breaking up and divesting divisions of the company to shore up its core semiconductor business. Earlier this year, Avago sold LSI's solid-state disk (SSD) drive division to Seagate for $450m.
Intel intends to use the Axxia purchase to boost its wireless network offering into an intelligent flexible network based on common standards, according to a blog post from the Intel Intelligent Systems Group.
"In the same way that Intel helped to transform the data center into a business enabler, Intel can help transform networking by providing new technologies and a portfolio of solutions that allow for new innovative services and efficient scaling of a more flexible, cost effective network infrastructure," said Rose Schooler, GM of the division.
The purchase marks the continuation of Intel's diversification of its core processor chip business, which continues to be its cash cow with profits of $2.8bn in the second quarter.
Intel's vision of the future is for an office without wires that will rely on wireless display connectivity, wireless docking and wireless charging.
This is at odds with the announcement yesterday that the USB C standard for superfast wired transfers has been finalised.
Both firms' boards of directors have approved the deal, which is expected to become final in the fourth quarter.
For more information about mobility, visit the Intel IT Center. µ
And now they are being traded in Russia
So it's not really come to Android at all as such
Acquisition seems Microsoft looking to boost enterprise IoT offering
New UI, expanded radio and hopefully a fix for that Xzibit bug