19 June 2012 Intel to buy InterDigital wireless patent portfolio 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. Author Simon Fogg Comment on this article Websites http://www.intel.co.ukhttp://www.interdigital.com/ Companies Intel Corporation (UK) Ltd This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.