Intel to Buy TI's Cable Modem Unit

Intel Corp. (www.intel.com) has signed an agreement to acquire Texas Instruments' (www.ti.com) cable modem product line. The purchase is intended to enhance Intel's focus on the cable industry and related consumer electronics (CE) market segments. Intel plans...

Intel Corp. (www.intel.com) has signed an agreement to acquire Texas Instruments' (www.ti.com) cable modem product line. The purchase is intended to enhance Intel's focus on the cable industry and related consumer electronics (CE) market segments.

Intel plans to combine Texas Instruments' Puma product lines with DOCSIS technology and Intel SoCs to deliver advanced set-top box, residential gateway and modem products for the cable industry.

All employees of Texas Instruments' cable modem team received offers to join Intel at sites in their home countries, primarily Israel, and will become part of Intel's Digital Home Group. The agreement is expected to close in the fourth quarter of 2010.
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