As part of its move to revolutionize the "Internet of Things" giant chip-manufacturer, Intel gears up to acquire German network chip-maker Lantiq for an undisclosed amount. Lantiq is a company that produces broadband and networking technologies and specializes in manufacturing high-end household technology.
The ongoing negotiation between Intel and Lantiq still adheres to the usual closing conditions and regulatory approvals. Intel said that the deal is expected to be closed within the next 90 days, according to its website.
Lantiq currently holds more than 2,000 broadband communication patents and many analysts predicts that it will no doubt increase Intel's odds in the domination of the "Internet of Things," according to Mercury News. Among Lantiq's patents includes "Fiber to the Distribution Point" or (FTTdp) and a comprehensive gateway home network with DSLTE systems.
Lantiq CEO Dan Artusi said, "Intel and Lantiq share a common vision about the evolution of the connected home and intelligent network. Together we can drive the transformation of the broadband customer premises equipment as it becomes a smart gateway that connects an increasingly diverse roster of devices and services in the home."
Currently, Lantiq operates within 100 global markets that uses its DSL technologies.
Additional reports within Intel said that the company's latest move will help expand its market towards the DSL, Fiber and LTE market.
Intel, a company based in Santa Clara is the world's biggest manufacturer of microprocessors that functions as a brain to personal computers. However, with the latest trend shifting towards the smartphone and tablet industry the company's overall sales and market dominance has declined in the past years.