After PasswordBox, Intel Acquires Broadband Company Lantiq

Intel has acquired Lantiq - a Germany company specializing in broadband access and home networking technologies.

Lantiq, a Munich based company has more than 2,000 patents covering broadband communications.

 Intel officials said in a statement that they expect more than 800 million broadband connected households worldwide by 2018, and a combination of their company with Lantiq "can allow global service providers to introduce new home computing experiences and enable consumers to take advantage of a more smart and connected home," according to Mercury News.

Intel has been struggling to the trend where more people have started using tablets and mobile phones. It is the dominant maker of microprocessor chips but when it comes to mobile computing, it is yet to make its mark.

Shares of Intel slipped 11 cents to $32.93 in morning trading Monday. The stock jumped nearly 40 percent last year, more than tripling the advance of the Standard & Poor's 500 index, to close 2014 at $36.29.

Terms of the deal were not disclosed. According to reports, the deal will be closed in about three months.