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

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
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

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?