Wednesday, February 13, 2008

Thomson and NXP to Combine Can Tuner Modules Activities

NXP Semiconductors and Thomson have agreed 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 joint venture agreements will be finalized and the transaction will close in Q2, subject to closing conditions, including social and regulatory approvals.

"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 roll-out accelerates in the U.S. and in Europe."http://www.nxp.com