SAN FRANCISCO—Intel Corp. will sell up to 10 million shares of common stock in wireless broadband services provider Clearwire Corp. through its venture capital arm, Intel Capital, the company said Wednesday (May 11).
Intel will begin selling the shares in open transactions on the Nasdaq global market beginning Friday, Intel said in a regulatory filing.
Intel said in the filing that it owns more than 102.4 million shares of Clearwire, or about 33 percent of the company's total outstanding shares.
Sprint Nextel, the majority owner of Clearwire, last month agreed to pay Clearwire more than $1 billion over the next two years for 4G service. The agreement appeared to quell looming questions over Clearwire's future and whether Sprint would continue to buy high-speed data service.
In the filing, Intel said WiMax continues to be strategically important to the company and that the sale of the Class A common stock does not affect any contractual obligations or business arrangements between Intel and Clearwire.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.