Intel to acquire Texas Instruments' cable modem unit

The purchase enhances Intel's focus on the cable industry and related consumer electronics (CE) market segments, where the company's in building advanced system-on-chip (SoC) products, based on Intel(R) Atom(TM) processors, will be applied. Intel plans to combine Texas Instruments' Puma product lines with the Data Over Cable Service Interface Specification (DOCSIS) standard 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. Additional terms of the transaction were not disclosed. The agreement is subject to regulatory review and customary closing conditions. It is expected to close in the fourth quarter of 2010.