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NXP acquires Conexant's BMP business

Posted: 13 Aug 2008     Print Version  Bookmark and Share

Keywords:Broadband Media Processing  set-top box  digital TV  Home business unit 

NXP Semiconductors has completed the acquisition of the Broadband Media Processing (BMP) business of Conexant Systems Inc. With this transaction, the first for its Home Business Unit, NXP's existing set-top box (STB) and digital TV (DTV) operations will be combined with Conexant's BMP business. NXP's Home business unit adds high-performance STB system solutions for satellite, cable and IP STB, expanding its existing portfolio in terrestrial STB, IP STB and DTV.

Christos Lagomichos, EVP and general manager of NXP's Home Business Unit, said in a statement: "Leadership and scale are vital to win, especially in a market that is consolidating. The combination of complementary digital TV expertise from two leading players gives NXP a market leading position and the R&D synergies required to be the first to bring innovative products to customers. Specifically, we aim to lead in the development of 45-nm based technology."

"We have completed the acquisition quickly and will maintain this pace by showcasing the joint product portfolio for the first time at IBC 2008 in September," he added.

Under the terms of the deal, NXP will pay Conexant Rs.471.44 crore (US$110 million) in cash up front, and additional consideration of up to Rs.150.00 crore (US$35 million) based on achievement of certain revenue milestones over the period from closing through 2009.

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