Intel has signed an agreement to acquire Texas Instruments' cable modem product line. The purchase enhances Intel's focus on the cable industry and related consumer electronics (CE) market segments, where the company's expertise in building advanced system-on-chip (SoC) products, based on Intel Atom processors, will be applied. Intel plans to combine Texas Instruments' Puma product lines with the Docsis technology and Intel SoCs to deliver advanced set-top box, residential gateway and modem products for the cable industry. Intel's objective is to provide cable OEMs with an open and powerful platform for delivering innovative and differentiated products to service providers that improve the video, voice and data content experience at home. 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, which is subject to regulatory review and customary closing conditions, is expected to close in Q4.
