The World largest chip making corporation, Intel Corp., is said to be very close to a deal which would acquire the wireless chip business of Infineon Technologies AG. Individuals close to the dealings say that news of the acquisition may come as early as tomorrow. Infineon is said to be seeking about $1.9 billion for the business.

Intel which is responsible for close to 80% of all personal computer chips, has fallen behind companies like ARM Holdings, in mobile chip production and sales. Infineon, however has a strong standing within mobile devices. They power several popular mobile smart phones, including the Apple iPhone, the Samsung Galaxy S, and others. The Infineon unit had sales of over 900 million euros for the business year, which ended September 2009. In the first 9 months of the 2010 business year, they had over 880 million euros in sales, which represents a 35% increase year over year.

If Intel were to acquire the Infineon unit, it would instantly place them near the top as a leading mobile chip maker. Intel has recently also agreed to purchase McAfee, a computer security software company, in which caused analysts to speculated that the deal has something to do with their mobile push.