Intel Corporation (NASDAQ:INTC) has announced that it has bought more than 1,400 patents and patent applications from the now-bankrupt Powerwave Technologies, Inc.
According to the technology veteran, it acquired the patents and patent applications trove from The Gores Group, a private equity company that bought the patents from the defunct Powerwave Technologies, Inc. when it filed for Chapter 11 bankruptcy.
Intel Corporation (NASDAQ:INTC) revealed in its announcement what the patents and patent applications cover which has a lot to do with wireless products.
“Powerwave was a pioneer in telecommunications infrastructure products, including antennas and base stations. The patents relate to, among other things, telecommunications infrastructure technologies, including tower mounted amplifiers, antenna structures, power amplifier configurations, crest factor reduction and digital pre-distortion circuitry,” the chipmaker said.
The purchase of the patents and patent applications comes as Intel Corporation (NASDAQ:INTC) is developing its “Skylake” line of processors. Among other things that the company has promised with its new chip is eliminating all computer cables in two years’ time.
Intel Corporation (NASDAQ:INTC)’s newest patent push also comes after the company spent $375 million to buy 1,700 patents from InterDigital. These patents relate primarily to 3G, 4G and 802.11 technologies.
Jean-Marie Eveillard’s First Eagle Investment Management is an investor in Intel Corporation. It reported about 39.54 million shares in the chipmaker by the end of the second quarter of the year. This stake was then valued at about $1.22 billion and accounted for 2.95% of the firm’s portfolio.
Ken Fisher’s Fisher Asset Management reported about 18.96 million shares in Intel Corporation (NASDAQ:INTC) by the end of the second quarter, a stake that was then valued at about $586 million and made up 1.23% of the hedge fund’s whole portfolio.