Intel buys digital TV assets for US$70 million

Intel has agreed to buy the digital TV components business of Zarlink Semiconductor Ltd. for $70 million, it said Friday.

Intel has agreed to buy the assets of a U.K. company that makes components for building digital TVs and other consumer electronics gear, it announced Friday.

The U.S. chip maker will pay approximately US$70 million for the client-side RF (radio frequency) components business of U.K.-based Zarlink Semiconductor, a subsidiary of Zarlink Semiconductor of Ottawa, Zarlink said in a statement.

The move is part of Intel's strategy to sell collections of related software and silicon parts used by manufacturers to build consumer electronics products.

The deal includes demodulators and tuners for receiving digital audio and video broadcasts to TVs, set-top boxes, recorders and other devices. They allow the devices to receive, extract and decompress the broadcast and then display or store the content, said Intel, in California.

The business generated revenue of US$53 million in its 2005 fiscal year, according to Zarlink. Selling the assets will allow Zarlink to focus on its network communications, optical and ultra-low power businesses, it said.

Intel will pay US$68 million in cash and US$2 million in "other consideration," Zarlink said. The deal is subject to closing conditions, including the retention of Zarlink employees, and is expected to close in November, it said.

The acquisition would complement Intel's purchase earlier this year of Oplus Technologies, which makes video processing technologies, Intel said.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

James Niccolai

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?