Intel just announced that it has signed an agreement to acquire Texas Instruments' cable modem unit. Intel says this will enhance its focus on in the cable industry and related markets.
Intel will combine TI's Puma product lines with the Data Over Cable Service Interface Specification (DOCSIS) standard and Intel's SoCs for a set top box, and other model 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," Intel says.
"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," said Bob Ferreira, general manager, Cable Segment, Intel's Digital Home Group. "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."
Intel says it has offered all TI employees with the cable modem team the chance to keep their jobs in at Intel sites in their respective countries (mostly Israel). They would become part of the company's Digital Home Group.
Financial terms of the acquisition weren't revealed. The deal is subject to regulatory review, and is expected to close in the fourth quarter.