The largest chipmaker of the world Intel has shown interest in buying the Infineon wireless unit of Germany for exchange of 1.4 billion dollars in cash.
According to the reports, this deal was largely anticipated earlier but the German company Infineon was expecting a higher price for its business. The wireless unit of Infineon makes chips for the iPhone of Apple. Intel is spreading its business in various sectors and ways and the recent takeovers are the evidence of the fact.
As the German company had been expected to generate a higher price the shares of the company fell down by 3.7% after the news of the deal with Intel came to light and the fall in its shares had made it the worst performer of the Dax index of Germany.
This news came after the announcement of Intel on 19th of August that it would buy the software security company McAfee in exchange of 7.68 billion dollars.
All these news indicates that the US chipmaker Intel is aiming at many sector as it had already eyed on McAfee and the German firm Infineon.