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

Search for Jobs

Index Last Change % Change
Dow 18,162.35 -40.27 -0.22%
Nasdaq 5,241.83 -4.58 -0.09%
S&P 500 2,141.34 -2.95 -0.14%
Treasuries 1.75 -0.01 -0.29%
Data as of 5:18pm ET
Company Price Change % Change
Chesapeake Energy Co... 6.91 0.19 2.83%
Bank of America Corp... 16.56 0.09 0.55%
eBay Inc 29.02 -3.50 -10.76%
Microsoft Corp 57.25 -0.28 -0.49%
Freeport-McMoRan Inc... 10.21 0.19 1.90%
Data as of 4:15pm ET


Elizabeth Warren fired off a letter on Thursday asking Wells Fargo whether new CEO Tim Sloan played a role in the bank's creation of as many as 2 million fake accounts. More

U.S. attorney Preet Bharara spoke to a room full of bankers about the importance of integrity in the financial system. More

The University of Illinois partnered with Coursera to launch one of the most affordable online MBA programs yet. More