IoT
Business & Finance
News
7/10/2006
05:40 AM
50%
50%
RELATED EVENTS
IoT & Insurance: How Big Data May Affect Your Privacy & Premiums
May 06, 2016
Gwenn Bezard is co-founder and research director at Aite Group, where he leads the insurance pract ...Read More>>

Brief: Intel Places $600 Million WiMax Bet With Clearwire Stake

Intel has emerged as WiMax's most-important backer. Motorola also joined the investment.

Intel put down another big bet on WiMax wireless broadband technology. With WiMax chip plans already in the works, Intel's venture capital arm invested $600 million in Clearwire, a wireless broadband company. While still a money-losing startup, Clearwire owns a good chunk of the U.S. wireless spectrum on which WiMax runs. This is Intel's second investment in the company. Motorola also invested an undisclosed amount and bought Clearwire's WiMax equipment-making subsidiary, NextNet Wireless. The $900 million total investment let Clearwire cancel a planned $400 million IPO.

Intel has emerged as WiMax's most important--and free-spending--supporter, as our cover story last week explored. The chipmaker plans to deliver by year's end a chipset called Rosedale 2 to ease access to WiMax from mobile computers, and it hopes to have chips that access WiMax and Wi-Fi networks ready by 2008. Such chips, plus WiMax equipment from the likes of Motorola, will be critical to the acceptance of the standard. Good friends for a fledgling wireless standard to have.

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
2016 InformationWeek Elite 100
Our 28th annual ranking of the leading US users of business technology.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.