Mergers and Acquistions News
Categories: Hardware
August 16th 2010, 16:59PM
Intel Corporation today announced it has agreed to acquire Texas Instruments' cable modem product line.
Texas Instruments, with its headquarters in Dallas, develops analogue, digital signal and semiconductor technologies to help customers deliver both consumer and enterprise electronics products.
Intel sees the acquisition as helping it to focus more on the cable and related electronics market.
Bob Ferreira, general manager, cable segment, for Intel's Digital Home Group, said: "Adding the talents of the Texas Instruments' cable team to Intel's efforts to bring its advanced technology to consumer electronics makes for a compelling combination.
"Intel is focused on delivering SoCs that provide the foundation for consumer electronics devices such as set top boxes, digital TVs, Blu-ray disc players, companion boxes and related devices. This acquisition specifically strengthens Intel's product offerings for the continuum of cable gateway products and reinforces Intel's continued commitment to the cable industry."
Texas Instruments' entire employee base have received offers to work for Intel in their home countries and will become part of Digital Home Group.
The deal, terms of which have not been released, is expected to close in the fourth quarter of 2010.
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