STEVE INSKEEP, host: NPR's business news starts with a trans-Atlantic technology deal.</s>STEVE INSKEEP, host: The computer chipmaker Intel is paying nearly $1.5 billion for part of a German company called Infineon. The division Intel is buying specializes in wireless technology. This deal is aimed at giving Intel a boost in the smartphone market. It is the latest of several technology deals as big companies try to buy their way into faster-growing areas of the economy.</s>STEVE INSKEEP, host: Hewlett-Packard and Dell have been locked in a bidding war over a small, California company called 3PAR; 3PAR specializes in data storage. By Friday, HP was offering $2 billion for the company, and 3PAR's value was three times what it was before the bidding started.
Computer chipmaker Intel is paying nearly $1.5 billion for part of German company Infineon. The division Intel is buying specializes in wireless technology. Intel's CEO said more and more devices were connecting to the Internet, so wireless connectivity is a growth area; an area he wants to be in.