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Intel Said to Be Near Purchase of Infineon Division

Intel Corp., the world’s largest chipmaker, is close to an agreement to buy Infineon Technologies AG’s wireless business, three people with direct knowledge of the discussions said.

An announcement could come as early as this week, the people said, declining to be identified because the talks are private. Infineon, Europe’s second-largest chipmaker, is seeking about 1.5 billion euros ($1.91 billion) for its wireless business, two people familiar with the talks said on Aug. 2.