Intel acquires Texas Instruments cable modem product line

Intel Corporation today announced they have signed an agreement to acquire Texas Instruments cable modem product line. The purchase enhances Intel’s focus on the cable industry and related.

Intel plans to combine Texas Instruments best of breed Puma product lines with the Data Over Cable Service Interface Specification standard technology and Intel SoCs to deliver advanced set top box, residential gateway and modem products for the cable industry. The 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 is subject to regulatory review and customary closing conditions. It is expected to close in the fourth quarter of 2010.