Intel has announced that it has signed an agreement to acquire Texas Instrument's (TI) cable modem manufacturing unit.
The move is aimed at boosting the deployment of Intel's Atom microprocessors in consumer electronic devices.
The deal will allow Intel to expand its efforts into developing its Atom microprocessors for better use in consumer electronic devices such as set-top-boxes, smartphones and tablet PCs.
With the acquisition, Intel is also planning to increase its competition with rival Arm Technologies, which offers microprocessors designed specifically for consumer electronic devices.
If the buyout goes through, Intel will acquire Ti's Puma 5 chips, designed for cable modems, which incidentally use Arm processing cores.
In a statement to PC World, an Intel spokesperson said: “In the future, we plan to power the Puma product with the Intel Atom processor as well as to incorporate the product technology into future Intel SoC (system-on-chip) and platform designs.”
Intel also said that the newly acquired business unit will become a part of Intel's Digital Home Group.