Intel Corp. has signed a definitive agreement to acquire Lantiq, a leading supplier of broadband access and home networking technologies. The transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in approximately 90 days. Deal terms were not disclosed.
Intel is becoming more involved in wireless every day as wireless connectivity becomes ubiquitous in most electronic devices and PCs. They may challenge Qualcomm for dominance in the baseband market and become even a bigger customer for RF and microwave companies in the future. Read the latest news and short analysis by Strategy Analytics.