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AMD parts with DTV line for $192.8 million
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Broadcom Corporation has acquired AMD’s digital TV (DTV) business unit for $192.8 million in cash. AMD’s DTV product line includes the Xilleon integrated DTV processors as well as NXT receiver ICs, the Theater 300 DTV processor, and a line of panel processors used for frame rate conversion and scaling.
“The acquisition of AMD’s DTV business, which will become the core of Broadcom’s DTV line of business, will enable us to significantly scale and accelerate the completion of our digital TV product portfolio while also expanding our tier one customer base and positions us to achieve leadership and long-term growth in this important market segment,” said Daniel Marotta, Senior Vice President & General Manager of Broadcom’s Broadband Communications Group. “We believe our combined DTV team will be in an excellent position to grow and thrive in this burgeoning market by bringing best-in-class people, technology, solutions and support to our customers.”
AMD said that approximately 530 employees at its DTV unit, in six different design centers would have the opportunity to join Broadcom.
The move to sell its DTV unit was previously announced as AMD is required to reduce its operating costs and generate cash during a prolonged loss-making period.