Lantiq was creaed on July 7, 2009 when
Infineon Technologies announced that it agreed to sell its wire-based communications division to
Golden Gate Capital, resulting in a new stand-alone name of Lantiq. This was one of several steps to raise cash during the
Great Recession. Some technology had been acquired when Infineon purchased Taiwan-based ADMTek (partially owned by
Accton Technology Corporation) for approximately US$100 million in cash in 2004. Some assets and patents acquired from
Massachusetts-based Aware Inc for about US$6.75 million were included in the spinoff. The division was headed by Christian Wolff when the deal closed on 6 November 2009 for about 243 million Euros. Lantiq's central functions and the executive management team were located in
Neubiberg, near
Munich Germany. In May 2012, Dan Artusi from
Conexant replaced Wolff as chief executive. On 2 February 2015 it was announced that Intel agreed to buy Lantiq (a transaction valued at $345 million) in an attempt to expand its range of chips used in connected Internet-of-Things gadgets and IoT gateways. Intel sold the business to
MaxLinear in 2020. ==Markets==