Intel has just announced that it will acquire
Texas Instruments’ cable modem product line. Terms of the deal, which is expected to close in the fourth quarter of 2010, were not disclosed.
Unsurprisingly, Intel says the acquisition will help further its foray into providing chips to the cable and consumer electronics industries. Intel wants to be able to provide products that provide on foundation for consumer elextronics devices such as set top boxes, digital TVs, and blu-ray disc players. The unit’s advanced system-on-chip (SoC) products will be based on Intel’s Atom processors.