Intel Close To Buying Infineon For $2 Billion

I guess Intel has a lot of cash to spend. Days after buying McAfee, Intel is close to dropping $2 billion on Infineon:

A purchase of the unit, which makes processors used in Apple Inc.’s iPhone, follows Intel’s $7.68 billion acquisition of McAfee Inc., announced Aug. 19. Chief Executive Officer Paul Otellini is using deals to get chips into a wider range of devices. While Intel semiconductors run more than 80 percent of the world’s personal computers, they’re absent from phones now on the market.

This would pretty much put Intel into the smartphone game as that is the only area that they are not presently selling into. Assuming this happens, how would such a purchase affect Apple?

Stay tuned to find out.

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