Intel has agreed a patent buy which will see the company hand over $375m to wireless networking firm InterDigital.
Intel said that the deal will give it control of more than 1,700 patents related to wireless networking and mobile devices.
Among the technology standards involved in the deal are 3G, LTE, WCDMA and the HSDPA platforms. Intel said that the patents will primarily bolster its holdings in the mobile space.
"These patents will support Intel's strategic investments in the mobile segment," said Intel senior vice president and general counsel, Doug Melamed.
"The addition of these patents expands our already large, strong and diverse portfolio of intellectual property."
The transaction is the latest in a series of high-profile patent deals. Earlier this week, Microsoft and AOL completed a $1bn patent exchange deal, while Facebook recently agreed to a patent deal with Microsoft worth roughly $550m.
Intellectual property has become a valuable commodity as firms seek to not only make money from licensing, but to protect against infringement suits.
Companies including Apple, Samsung, Google and Oracle have all been involved in high-profile patent cases, while Microsoft has been feuding with Google over the use of patented material in the Android mobile platform.
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