NXP acquires Conexant unit for $110 million

NXP Semiconductors last week announced it is acquiring the broadband media business of Conexant Systems for about $110 million, a deal value which could rise of the business unit meets certain performance thresholds in the months to come. The deal is significant to NXP's ability to compete against semiconductor players Broadcom and STMicroelectronics, the company told EETimes. The Conxant unit, like NXP, has expertise in the area of IPTV. The Conexant unit also brings technology related to DOCSIS 3.0, Multimedla over Coax Alliance and Secure Video Processor standards. The Conexant group collected about $205 million in revenue in 2007.

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- see this story at EETimes