Intel is buying Lantiq, a supplier of broadband access and home networking technologies. The transaction is subject to customary closing conditions and regulatory approvals. Deal terms were not disclosed.
“By 2018, we expect more than 800 million broadband connected households worldwide,” said Kirk Skaugen, senior vice president and general manager of Intel’s Client Computing Group. “Intel has been a global leader in driving broadband into the home and to connected compute devices. The combination of our cable gateway business with Lantiq’s technology and talent can allow global service providers to introduce new home computing experiences and enable consumers to take advantage of a more smart and connected home.”
The combined team would have a comprehensive range of connectivity solutions and home cloud technologies for OEMs, service providers and companies innovating new applications for the home. Together with Intel’s IoT solutions, Intel Security products and Intel-based client devices, Intel aims to deliver new connected experiences for consumers.