Intel to Buy TI Cable Modem Chip Business | NBC 5 Dallas-Fort Worth

Intel to Buy TI Cable Modem Chip Business



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

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