Intel to Acquire Texas Instrumentsí Cable Modem Unit
SANTA CLARA, Calif., - Intel Corporation today announced it has signed an agreement to acquire Texas Instrumentsí cable modem product line. The purchase enhances Intelís focus on the cable industry and related consumer electronics (CE) market segments, where the companyís expertise in building advanced system-on-chip (SoC) products, based on Intelģ Atomô processors, will be applied.
Intel plans to combine Texas Instrumentsí best-of-breed Puma product lines with the Data Over Cable Service Interface Specification (DOCSIS) standard technology and Intel SoCs to deliver advanced set top box, residential gateway and modem products for the cable industry. The objective is to provide cable OEMs with an open and powerful platform for delivering innovative and differentiated products to service providers that improve the video, voice and data content experience at home.
ďAdding the talents of the Texas Instrumentsí cable team to Intelís efforts to bring its advanced technology to consumer electronics makes for a compelling combination,Ē said Bob Ferreira, general manager, Cable Segment, Intelís Digital Home Group. ďIntel 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 Intelís product offerings for the continuum of cable gateway products and reinforces Intelís continued commitment to the cable industry.Ē
All employees of Texas Instrumentsí cable modem team received offers to join Intel at sites in their home countries, primarily Israel, and will become part of Intelís Digital Home Group. Additional terms of the transaction were not disclosed. The agreement is subject to regulatory review and customary closing conditions. It is expected to close in the fourth quarter of 2010.
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