Intel acquires German network chipmaker Lantiq
Intel announced earlier today the purchase of German network chipmaker Lantiq, a former Infineon unit. Lantiq is no longer a part of Infineon since 2009, when it was purchased by Golden Gate Capital for about $280,000,000 USD. One of the big names that invested in Lantiq via Golden Gate was Deutsche Telekom.
According to Intel's Client Computing Group senior vice president and general manager Kirk Skaugen, "Intel has been a global leader in driving broadband into the home and to connected compute devices. The combination of our cable gateway business with Lantiq's technology and talent can allow global service providers to introduce new home computing experiences and enable consumers to take advantage of a more smart and connected home."
Intel already has a rich IoT portfolio, as well as Intel Security products and client devices. With the addition of Lantiq and their products, the company "can deliver exciting new connected experiences for consumers." The Intel-Lantiq transaction will close in about three months, but the deal terms are private.