MaxLinear on Tuesday announced that it has signed an agreement to acquire Intel’s Home Gateway Platform Division assets in an all-cash, asset transaction valued at $150 million.
Headquartered in Carlsbad, California, MaxLinear is a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure.
The Home Gateway Platform Division comprises Wi-Fi Access Points, Ethernet and Home Gateway SoC products deployed across operator and retail markets. The acquisition will enable MaxLinear to complement its existing portfolio, bringing together a complete and scalable platform of connectivity and access solutions for its customers across target end-markets, as well as creating potential new revenue opportunities in adjacent target end-markets.
Kishore Seendripu, Ph. D, Chairman and CEO, MaxLinear
MaxLinear is excited by the strong potential for growth and the ability to enhance our value proposition to our existing customers with the addition of the Intel Home Gateway Platform Division, which includes its Wi-Fi Access Point assets, Ethernet, and Home Gateway SoC products.
Weng Kuan Tan, GM of the Home Gateway Platform Division and Corporate VP of the Client Computing Group, Intel
Intel and MaxLinear have a strong track record of collaboration to deliver gateway platforms for the home, and I’m confident this will be a seamless transition for our mutual customers and employees.
