AMD sells digital TV unit to Broadcom
Published: 26 Aug 2008 10:20 BST
Broadcom is paying $192.8m (£105m) in cash to acquire AMD's digital-television business, the companies said on Monday.
AMD's digital-television (DTV) assets include Xilleon-integrated DTV processors and reference designs, NXT receiver ICs, the Theater 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.
AMD had announced last month that it was quitting the DTV market, as part of an effort to streamline its businesses. Chief executive Dirk Meyer said in a press release that the sale was a "key step" toward helping the company boost its financial performance.
Roughly 530 AMD employees working for the DTV business will be "invited to join Broadcom" as part of the sale, which has been approved by both companies' boards of directors.
Credit: Broadcom to buy AMD's digital TV business from CNET News
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