Emergency Response and Wireless Location Systems     by Manlio Allegra       Home         Topics: Main | M&A | Funding | Earnings | Jobs | People | Bankruptcy | Silicon | Europe | Japan | Most Acquisitive | Archive   Infineon to Acquire LSI's Mobility Business for $450 Million LSI will sell its mobility products business to Infineon Technologies for $450 million in cash, plus a performance-based payment of up to $50 million payable in the first quarter of 2009. The division, which originally belonged to Agere Systems, designs semiconductors and software for cellular telephone handsets and complete chip-level solutions for satellite digital audio radio applications. It has about 700 employees. "This move demonstrates our commitment to maintain and grow our leadership in the wireless market. The business acquired from LSI will significantly strengthen our position at important mobile phone makers and will add highly qualified experts to the Infineon team," said Dr. Wolfgang Ziebart, President and CEO of Infineon Technologies. LSI said the sale is the result of its strategic review following its merger with Agere Systems on April 2, 2007. LSI now plans to pursue growth opportunities for its storage systems and storage and networking semiconductor businesses. Proceeds from the sale will be used for a stock repurchase program. "This move demonstrates our commitment to maintain and grow our leadership in the wireless market. The business acquired from LSI will significantly strengthen our position at important mobile phone makers and will add highly qualified experts to the Infineon team," said Dr. Wolfgang Ziebart, President and CEO of Infineon Technologies. http://www.infineon.com http://www.lsi.com 20-Aug-07 In June 2007, Infineon Technologies agreed to acquire Texas Instruments' DSL Customer Premises Equipment (CPE) business. The transaction is expected to close in the summer of 2007. Financial terms were not disclosed. In June 2007, LSI agreed to sell its consumer products business to Magnum Semiconductor for an undisclosed amount. The deal includes the LSI DoMiNo, Domino[X] and Zevio architectures, products and related intellectual property of the LSI consumer products business. On 04-Dec-2006, LSI Logic first announced plans to acquire Agere Systems in an all-stock transaction with an equity value of approximately $4.0 billion. Under the deal, LSI and Agere shareholders will own approximately 52% and 48%, respectively, of the combined company. Agere Systems was formerly the Microelectronics Group of Lucent Technologies. Agere was spun-off from Lucent in 2002. Recent Financial News Cisco to Acquire Arch Rock for Wireless Energy Sensors 9/2/2010 Alcatel-Lucent Acquires OpenPlug, Extending its Application Enablement Strategy 9/1/2010 NSN Partners with Telefónica on Smartphone Experience Lab 8/30/2010 Intel Confirms Acquisition of Infineon Wireless 8/30/2010 Cisco to Acquire ExtendMedia for Video Content Management 8/26/2010 Nimbula Raises $15 Million for Cloud OS 8/25/2010 HP Bids $24 per Share for 3PAR, Topping Dell 8/23/2010 Nokia to Acquire Motally for Mobile Analytics Service 8/20/2010 ZTE Reports 1H 2010 Revenue of US$4.5 Billion 8/19/2010 China Mobile Appoints Mr. Li Yue as CEO 8/19/2010 China Mobile Tops 554 Million Customers 8/19/2010 Airband and Sparkplug Announce Merger -- Fixed Wireless Operators 8/19/2010 Marvell Acquires DS2 for Powerline Chips 8/19/2010 Marvell Posts Revenue of $896 Million, Up 5% Sequentially 8/19/2010 Brocade Posts Revenue of $504 Million, up 2% YOY 8/18/2010 > More news...   Search  this site   Search the Web   Get Your Column Published Emergency Response and Wireless Location Systems by Manlio Allegra Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley Mobile Backhaul Transition Requires New Testing by Joe Zeto Cybersecurity Requires Public/Private Coalition by Greg Oslan A Rethinking of Cloud Services and Network Architecture by Jim Theodoras Delivering Scalable Video Solutions <br><i> Advantages of SVC-Optimized QoS</i> by Andy Singleton