An Intel (NASDAQ:INTC) spokesperson has confirmed FierceWireless' report that the company acquired Fujitsu's semiconductor wireless product unit in an effort to bolster its LTE portfolio.
Regarded as one the most technologically savvy wireless teams in the industry, this move speaks to Intel's longer-term goal of integrating key wireless technologies into its semiconductor products. Consequently, Qualcomm (NASDAQ:QCOM) investors may be feeling like Intel is slowly emerging as a formidable competitor.
In the following video, Fool contributor Steve Heller sheds some light on the issue, which effectively assures Qualcomm investors that it wouldn't likely be until sometime next year that Intel can even begin to try to compete on its level.
Fool contributor Steve Heller owns shares of Qualcomm and Intel. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel and Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.