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images/news/amd.jpg Advanced Micro Devices Inc. has agreed to sell its digital television business to Broadcom Corp. for $192.8 million, as the chip maker fights to return to profitability, the companies said today.
AMD's digital TV business, which includes processors, receivers and software for digital sets, will help round out Broadcom's DTV business, said Daniel Marotta, senior vice president and general manager of Broadcom's Broadband Communications Group. Broadcom makes DTV receivers, processors and other products, including products for high-definition television.
"We believe that this deal will position Broadcom to be a leader in this market by significantly expanding our customer base, giving us the product breadth needed to lead the market, and enabling us to achieve the scale needed to broadly compete," Marotta said during a press conference.
Read more @ Computerworld
AMD's digital TV business, which includes processors, receivers and software for digital sets, will help round out Broadcom's DTV business, said Daniel Marotta, senior vice president and general manager of Broadcom's Broadband Communications Group. Broadcom makes DTV receivers, processors and other products, including products for high-definition television.
"We believe that this deal will position Broadcom to be a leader in this market by significantly expanding our customer base, giving us the product breadth needed to lead the market, and enabling us to achieve the scale needed to broadly compete," Marotta said during a press conference.
Read more @ Computerworld
