Conexant, GlobespanVirata complete merger deal

Conexant Systems Inc. has completed its merger with GlobespanVirata Inc. The combined company, with an engineering and technical marketing staff of about 1,600, is addressing market segments that are expected to grow to $10 billion in annual sales over the next several years. These market segments include broadband access, wireless networking and media processing.

"We successfully combined the highly complementary product and technology portfolios of Conexant and GlobespanVirata to create a worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home, three of the industry's most exciting and fastest growing segments," said Armando Geday, Conexant's CEO. "The new Conexant has leading positions in digital subscriber line connectivity, wireless local area networking, dial-up modems, home networking, broadcast video products and digital set-top box system solutions. Our unique combination of products and technologies will drive broader, deeper engagements with worldwide customers that are recognized leaders in broadband communications and consumer electronics," he added.