Giant US microprocessor combine Intel has paid an unknown amount of money to snap up a Germany chip company.
Lantiq, owned since 2009 by a private equity company makes semiconductors used in different applications including broadband, wi-fi, and fibre connections.
Lantiq was sold to private equity company Golden Gate for a quarter of million euro. Lantiq was originally a wing of Infineon.
It’s believed that the Intel acquisition is part of its attempt to be a major player in the much hyped “internet of things”.
But while there is no doubt that the internet of things will generate a lot of revenue, there is no one standard and other companies, including Qualcomm and Google want to grab a share of that market too.