Broadcom Corp. said Monday, Aug. 25, it would acquire microprocessor maker Advanced Micro Devices Inc.'s digital TV business for $192.8 million in cash to expand its offerings in the digital TV market.
Irvine, Calif.-based Broadcom intends to boost scale and its customer base with the deal for Sunnyvale, Calif.-based AMD's unit, according to a statement from the companies. They added the buyer plans 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."
With the deal, chip developer Broadcom will ask 530 AMD employees and other staff that work in or in relation to its digital TV unit to join the company.
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