Intel to buy InterDigital wireless patent portfolio
Intel has acquired 1,700 patents from wireless developer InterDigital in an all cash deal worth $375million.
The agreement, which involves patents related to 3G, LTE and 802.11 technologies, comes as Intel pushes to expand its chip business beyond computers and into mobile devices.
"These patents will support Intel's strategic investments in the mobile segment," said Doug Melamed, Intel senior vp and general counsel. "The addition of these patents expands our already large, strong and diverse portfolio of intellectual property."
The transaction is expected to close in Q3 2012, subject to closing conditions and regulatory approvals.
