02.13.2005 08:00 AM
ATI to acquire Terayon's cable modem silicon intellectual property
ATI Technologies has signed a definitive agreement to acquire the cable modem silicon intellectual property right to Terayon Communication Systems for $14 million in cash. Under terms of the sale, ATI will also hire approximately 25 employees from Terayon's design team.
The acquisition will extend ATI’s product and technology range and provides a one-stop-shop for the value-added silicon in next-generation digital televisions.
Digital cable ready (DCR) HDTV products now on the market in North America are allowing consumers to directly connect their television sets to the cable system without a separate set-top box. Adding cable modem technology enables cable TV operators and TV manufacturers to offer new features such as VOD, EPG, and new interactive services. LG and Samsung demonstrated Interactive DCR products at this year’s Consumer Electronics Show in January.
For more information, visit www.ati.com and www.terayon.com.
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