Infineon sets sights on TI's DSL biz

Infineon Technologies AG has announced plans to acquire Texas Instruments Inc.'s DSL customer premises equipment (CPE) business, a move which will reinforce the German company's extensive broadband product portfolio. The acquisition is expected to be finalized this summer, Infineon said in a statement.

"Combining Texas Instruments' DSL CPE products with Infineon's innovative road map leads to a unique end-to-end offering for DSL customers," said Hermann Eul, executive VP of the Infineon Management Board and president of the Communication Solutions business group.

TI said the deal underscores its belief in Infineon's commitment to the DSL business.

"This transaction gives our customers continuity of the product line, continuity of customer support and a strong DSL road map," added Dennis Rauschmayer, general manager of TI's Residential Gateway business. "TI is fully committed to support the transition of the business and the customer service transition to Infineon, ensuring a positive customer experience."