AMD sells digital TV unit to Broadcom for $192 million
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AMD is unloading it’s Digital TV business unit to Broadcom for $192 million. AMD’s DTV product line includes all Xilleon™ integrated DTV processors and complete turnkey reference designs, as well as NXT receiver ICs, the Theater™ 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.
“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. “The sale of our DTV business is a key step in AMD’s transformation, helping to strengthen our balance sheet, lower our breakeven point, and hone our focus in order to take full advantage of our position as a leader in both microprocessors and graphics technology. Broadcom will be a great fit for our talented DTV employees and the DTV products they have created.”
Approximately 530 members of AMD’s DTV team will be invited to join Broadcom as part of the transfer. The Digital TV business was acquired by AMD during the ATI merger.
