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 20,481.19 -115.53 -0.56%
Nasdaq 5,807.05 -21.69 -0.37%
S&P 500 2,333.05 -10.93 -0.47%
Treasuries 2.38 -0.02 -0.92%
Data as of 11:20am ET
Company Price Change % Change
Bank of America Corp... 22.69 -0.43 -1.86%
Micron Technology In... 28.73 0.30 1.04%
Advanced Micro Devic... 13.53 -0.17 -1.24%
Ford Motor Co 11.48 -0.14 -1.20%
Freeport-McMoRan Inc... 12.15 -0.66 -5.15%
Data as of 11:05am ET
Sponsors

Sections

Four countries included in the U.S. electronics ban list -- the United Arab Emirates, Qatar, Kuwait and Morocco -- are absent from the U.K. restrictions. More

The GOP effort to repeal Obamacare is on ice for now. What happens to your health care coverage? More

The U.K. government is pushing for a backdoor into WhatsApp after it was revealed that Khalid Masood used the encrypted messaging app moments before his deadly attack in London last week. More

When it comes to learning and building credit, adding a child as an authorized user can help create good financial habits and establish credit history. More