Intel Corp. is buying the wireless communications unit of Germany's Infineon Technologies AG for $1.4 billion in cash, the second deal in as many weeks that allows the chipmaker to spread its wings beyond the struggling personal computer market.
Infineon's unit makes chips for smart phones including Apple's iPhone. Silicon Valley behemoth Intel scooped up security software maker McAfee Inc. earlier this month for $7.68 billion, marking the biggest acquisition in Intel's 42-year history.
Both deals signal a shift away from Intel's traditional market of providing chips to power personal computers. Intel's microprocessors are used in 80 percent of the world's …
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