Broadcom to acquire Digital TV business from AMD

BANGALORE, INDIA: Broadcom Corporation, a player in the filed of semiconductors for wired and wireless communications, and AMD (Advanced Micro Devices), a provider of processing solutions in the computing and graphics markets, today announced they have entered into an agreement for Broadcom to acquire AMD’s digital TV (DTV) business.

The acquisition of AMD’s DTV business is expected to enable Broadcom to scale its DTV business, and to offer a complete product line that covers all segments of the DTV market ranging from low-end value and mid-range quality to high-end interactive platforms and panel processors, said a press release.

The acquisition is also intended to expand Broadcom’s existing tier one customer base, which includes the top DTV brands worldwide.

“The acquisition of AMD’s DTV business will enable us to significantly scale and accelerate the completion of our digital TV product portfolio while also expanding our tier one customer base,” said Daniel Marotta, senior vice president and general manager of Broadcom’s Broadband Communications Group.

“AMD is executing a strategic plan to transform the company, becoming leaner and more focused while seeking to create a business model to deliver sustainable profitability,” said Dirk Meyer, president and chief executive officer of AMD.