Aiming to strengthen its balance sheet, Intel's main rival AMD is to sell its digital TV (DTV) business to communications chip house Broadcom for around $192.8m (£105m) in cash.
As part of the deal, approximately 530 members of AMD's dedicated DTV team located in six design centres around the world will be invited to join Broadcom.
AMD's DTV product line includes its Xilleon integrated DTV processors and turnkey reference designs, NXT receiver ICs, its Theater 300 DTV processor, and a line of processors that perform advanced motion compensation, frame rate conversion and scaling.
The board of directors of each company has approved the transaction and shareholder/stockholder approval of the transaction is not required by either company.
The deal, which is expected to be finalised during the latter part of the year, remains subject to customary closing conditions and review by relevant regulatory organisations.
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