Broadcom To Acquire AMD Digital TV Business

Broadcom Corporation, a player in semiconductors for wired and wireless communications, and AMD have announced that the companies have entered into a definitive agreement for Broadcom to acquire AMD's digital TV (DTV) business.

The acquisition of AMD's DTV business is expected to enable Broadcom to immediately scale its DTV business, and, in conjunction with its existing products, to offer a complete product line that covers all segments of the DTV market ranging from low-end value and mid-range quality to high-end interactive platforms and panel processors. The acquisition also is intended to expand Broadcom's existing tier one customer base. This deal aims to enhance and strengthen Broadcom's innovative DTV system solution offerings.

In connection with the transaction, approximately 530 members of AMD's DTV team, in addition to certain employees directly supporting this team, located in six primary design centres around the world, will be invited to join Broadcom. AMD's DTV product line includes all Xilleon integrated DTV processors and complete turnkey reference designs, as well as NXT receiver ICs, the Theatre 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.

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"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 long-term growth in this important market segment," said Daniel Marotta, senior vice president and general manager of Broadcom's Broadband Communications Group.