Feeds

AMD offloads TV chip unit on Broadcom for $193m

You ought not to be in pictures

Top 5 reasons to deploy VMware with Tegile

As AMD struggles to gain altitude against Intel, the distant second rival chip maker is tossing excess weight where it can. Today, AMD said it intends to sell its digital television business to Broadcom for $192.8m cash.

AMD's chief Dirk Meyer said the sale will help the company focus on its primary market of PC processors.

"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 Meyer.

The TV unit includes AMD's Xilleon and Theater 300 integrated processor range, and NXT receiver integrated circuits. It will become "the core of Broadcom's DTV line of business," according to Daniel Marotta, veep of Broadcom's Broadband Communications Group.

The group's 530 employees will be invited to join Broadcom.

Only last week, Intel introduced its own chip for TV set-top boxes: the Media Processor CE 3100 (previously code-named "Canmore"). The processor is expected to ship to device makers as soon as next month.

In July, AMD announced it had lost $1.9bn during the second quarter and dumped Hector Ruiz from its CEO spot. He was replaced with Meyer, who was the company's President and COO. A few months earlier, AMD announced a plan to cut 10 per cent of its workforce over the next two quarters.

Broadcom's acquisition is expected to close during its fourth quarter ending December 31. Both boards of directors have approved the transaction, and shareholder approval is not necessary for the deal, the companies said. ®

Remote control for virtualized desktops

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Tim Cook: The classic iPod HAD TO DIE, and this is WHY
Apple, er, couldn’t get parts for HDD models
Apple spent just ONE DOLLAR beefing up the latest iPad Air 2
New iPads look a lot like the old one. There's a reason for that
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Microsoft fitness bands slapped on wrists: All YOUR HEALTH DATA are BELONG TO US
Wearable will deliver 'actionable insights for healthier living'
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Caterham Seven 160 review: The Raspberry Pi of motoring
Back to driving's basics with a joyously legal high
Back to the ... drawing board: 'Hoverboard' will disappoint Marty McFly wannabes
Buzzing board (and some future apps) leave a lot to be desired
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.