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Aug. 29, 2010, 10:01 p.m. EDT

Intel nears Infineon wireless unit deal: reports

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By Lisa Twaronite

TOKYO (MarketWatch) -- Chipmaker Intel Corp. /zigman2/quotes/203649727/composite INTC +1.46% is close to reaching a deal to buy German chipmaker Infineon's /zigman2/quotes/204995926/delayed DE:IFX -0.52% /zigman2/quotes/208949526/delayed IFNNF +0.13% wireless unit at a price that could top 1 billion euros ($1.27 billion), according to media reports late Sunday, citing people familiar with the matter. An agreement could be reached early this week, the reports said. On Friday, Intel said it cut its sales forecast, and cited weaker-than-expected demand for personal computers.

/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 36.11
+0.52 +1.46%
Volume: 37.68M
Aug. 12, 2022 4:00p
P/E Ratio
7.74
Dividend Yield
4.04%
Market Cap
$148.27 billion
Rev. per Employee
$606,061
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/zigman2/quotes/204995926/delayed
DE : Germany: Frankfurt
27.51
-0.15 -0.52%
Volume: 1,613
Aug. 15, 2022 9:15a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€194,374
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/zigman2/quotes/208949526/delayed
US : U.S.: OTC
$ 27.96
+0.04 +0.13%
Volume: 1,579
Aug. 12, 2022 10:34a
P/E Ratio
17.20
Dividend Yield
N/A
Market Cap
$36.62 billion
Rev. per Employee
$292,472
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