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attempt to break into the smartphone market

Intel's 15 largest acquisitions

n every one, Intel later shut down or sold off the acquired products

'Intel feels compelled to build out its mobile product suite, including ARM baseband processors for handsets, smartphones, tablets, and other mobile devices

Smartphones rely on two main chips -- an application processor, which oversees the phone's basic functions, and a baseband processor, which lets the phone communicate with other gadgets.

several other ARM chipmakers already have done, he said, Intel would likely merge both processors

Infineon unit makes chips for smartphones