NXP completes Conexant STB acquisition

NXP Semiconductors, the semiconductor company founded by Philips, has said it has completed the acquisition of the Broadband Media Processing (BMP) business of Conexant Systems, that it announced earlier this year. NXP’s existing set-top box (STB) and digital TV (DTV) operations will be combined with Conexant’s BMP business. 

NXP’s Home business unit adds STB system solutions for satellite, cable and IP STB, expanding its existing portfolio in terrestrial STB, IP STB and DTV. This makes NXP a top three technology player in the Digital Video Systems market (DTV and STB) with a unique IP, technology and talent portfolio to show for.

Christos Lagomichos, EVP and general manager of NXP’s Home Business Unit, said in a prepared statement: “Leadership and scale are vital to win, especially in a market that is consolidating. The combination of complementary digital TV expertise from two leading players gives NXP a market leading position and the R&D synergies required to be the first to bring innovative products to customers. Specifically, we aim to lead in the development of 45-nm based technology.”