Intel invests $600 million in Clearwire, optimistic about WiMAX technology

JasonYoo

Intel invests $600 million in Clearwire, optimistic about WiMAX technology [Copy link]

Banner Postiion End Recently, high-speed wireless broadband service provider Clearwire announced a series of transactions with Intel and Motorola, including Clearwire's $900 million in financing, including $600 million from Intel's venture capital firm Intel Capital, and Motorola's acquisition of Clearwire's NextNet wireless division.

After the transaction is completed, Motorola will provide wireless broadband network equipment for Clearwire's existing and future networks. To accelerate the popularity of mobile WiMAX among PC customers, Intel will work to include WiMAX chipsets in its next-generation mobile computing platforms. The three companies will provide research and development resources to develop NextNet Wireless's pre-WiMAX technology.

Founded by Craig McCaw, Clearwire is a provider of wireless high-speed Internet services based on WiMAX. Clearwire has launched wireless high-speed Internet services in 27 metropolitan markets, covering more than 200 towns.