Monday, August 16, 2010

Texas Instruments Sells Off Cable Modem Operations

Texas Instruments is selling off its cable modem operations to Intel, the firms said today. Financial terms of the deal were not disclosed. According to Intel, all employees of TI'x cable modem business have been given offers to join the firm. TI's cable modem business was primarily based in Israel. Intel said that the group will become part of its Digital HOme Group.