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NXP, Thomson merge can tuner module biz

Posted: 18 Feb 2008 ?? ?Print Version ?Bookmark and Share

Keywords:can tuner module? joint venture? merger agreement?

NXP Semiconductors and Thomson have signed a memorandum of understanding to combine their can tuner modules operations in a joint venture. Thomson will appoint the CFO of this new venture, while NXP will appoint the CEO. NXP and Thomson expect that the definitive JV agreements will be finalized and the transaction will close in Q2 08, subject to closing conditions, including social and regulatory approvals.

"By combining their operations, NXP and Thomson create a business that has the scale and focus to be a long-term winner in the can tuner modules market," commented Christos Lagomichos, executive VP and general manager of NXP's Home business unit. "The combination of these two highly complementary businesses will generate significant operational synergies that will free up resources to address new market opportunities for RF modules. At the same time the deal will enable NXP to focus the Home business unit on digital TV, set-top box and silicon tuner activities."

"Digital can tuners remain strategic components at a time when broadcast and broadband distribution infrastructures look to advanced delivery technologies such as DVB-S2, DVB-T, DVB-H and new cable modulation technologies," said Thomson CTO Jean-Charles Hourcade. "This combination will benefit our customers as the digital terrestrial rollout accelerates in the United States and in Europe."

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