
FRANKFURT (Reuters) - Chipmaker Infineon has moved one step closer to supplying chips for high-end devices of Nokia by announcing a collaboration to create chips for the next mobile network generation.

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German chip vendor Infineon Technologies AG is predicting revenue growth for its 2010 financial year in the "high 30 percent range" compared with the previous fiscal year that ended on Sept. 30, 2009, according to a Bloomberg report.

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Nokia's disposal of its wireless modem business to Renesas could indicate either that Intel has fallen out with Nokia, or that Intel has already got a deal with Infineon on wireless, according to analyst Didier Scemama.

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Infineon, which is selling its wireless business unit to Intel, is planning to use the cash it will receive to re-invigorate its in-house manufacturing ahead of seeking growth through acquisitions.
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