Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Intel buys Texas Instruments' cable modem unit

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Intel will buy Texas Instruments' cable modem product line, the company said Monday.

The deal should close in the fourth quarter of 2010, Intel said in a statement. Further terms of the acquisition, including the cost, were not disclosed.

The move is part of Intel's continued effort to sell its computer chips to the cable industry and to other consumer electronics sectors. The so-called "system-on-chip" products will be based on Intel's Atom processors.

Intel (INTC, Fortune 500) wants those products to be available on set top boxes, digital TVs, Blu-Ray players and other devices.

Texas Instruments' (TI) cable modem unit will become part of Intel's Digital Home Group. Intel said all affected TI employees have been offered jobs at Intel sites in their home countries, primarily Israel. To top of page

Index Last Change % Change
Dow 22,349.59 -9.64 -0.04%
Nasdaq 6,426.92 4.23 0.07%
S&P 500 2,502.22 1.62 0.06%
Treasuries 2.26 -0.02 -0.70%
Data as of 4:53pm ET
Company Price Change % Change
Bank of America Corp... 25.02 -0.14 -0.56%
Advanced Micro Devic... 13.30 -0.11 -0.82%
Apple Inc 151.89 -1.50 -0.98%
General Electric Co 24.87 0.12 0.48%
Ford Motor Co 11.84 0.12 1.02%
Data as of 4:15pm ET
Sponsors

Sections

Proposing big tax cuts is much easier than figuring out how to pay for it all. Offsetting the cost of cuts will be one of the biggest hurdles for Republicans. More

The $70,000 Tesla Model S 75 will no longer be produced, leaving only all-wheel-drive versions of the car in production. More

When you're making big career decisions, you turn to your mentors and your trusted peers. But how do you find these mentors and trusted peers in the first place? More