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 25,978.45 -39.36 -0.15%
Nasdaq 7,320.96 24.91 0.34%
S&P 500 2,803.02 4.99 0.18%
Treasuries 2.63 0.02 0.73%
Data as of 12:55pm ET
Company Price Change % Change
General Electric Co 16.55 -0.22 -1.32%
Bank of America Corp... 31.52 0.04 0.11%
Advanced Micro Devic... 12.59 0.12 0.96%
Micron Technology In... 42.98 -1.01 -2.28%
Ford Motor Co 11.95 -0.12 -0.99%
Data as of 12:40pm ET
Sponsors

Sections

More than 5% of DACA recipients have started their own businesses since enrolling the program, according to a recent survey. More

Three of Amazon's 20 finalists for its second headquarters are in the Washington, D.C. region, which may have more to do with pitting each of the government against one another than anything else. More

Amazon has announced its list of 20 cities that are finalists to host its second headquarters. But who will -- and who should -- win? More

Though many popular budgeting programs are set up to help you allocate your money by the month, you'll gain greater control by budgeting weekly. More