Intel Could Sell its Connectivity Unit to MaxLinear
Intel has been reportedly in talks to sell a unit that makes chips for home internet access gear to MaxLinear Inc.
No final decision has been made and Intel could keep the connected home division, Bloomberg reported, citing people familiar with the matter.
Intel declined to comment.
Intel sold its smartphone modem business to Apple in a $1 billion deal last year. INntel CEO has pointed to the money-losing memory business as an area where he might look for a partnership.
MaxLinear, based in Carlsbad, California, provides broadband and networking semiconductors.
Intel’s connected home business makes chips that enable WiFi and manage data traffic for consumers. The chips provide wireless connections in home routers and gateways.