Intel to Buy TI Cable Modem Chip Business

Monday, Aug 16, 2010  |  Updated 8:46 AM CDT
View Comments (
)
|
Email
|
Print
Intel to Buy TI Cable Modem Chip Business

AP

The entrance sign to the Texas Instruments corporate campus is shown in Dallas, Saturday, Jan. 21, 2006 in Texas. (AP Photo/L.M. Otero)

advertisement

Intel says it's buying a Texas Instruments unit that makes cable modem chips, which it intends to combine with its own processors for smarter modems and cable set-top boxes.

The companies did not reveal the terms of the deal in the Monday announcement.

Dallas-based Texas Instruments Inc. has supplied Motorola, Arris and Cisco's Scientific Atlanta unit with chips for cable modems, representing much of the U.S. market.

Santa Clara-based Intel Corp. says all employees of the TI unit have been offered positions. It expects the deal to close in the fourth quarter.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out