Bangalore: Broadcom and Advanced Micro Devices (AMD) announced that the companies have entered into a definitive agreement for Broadcom to acquire AMD's digital TV (DTV) business.

The acquisition is expected to enable Broadcom to immediately scale its DTV business, and, in coincidence with its existing products, to offer a complete product line that covers all segments of the DTV market ranging from low-end value and mid-range quality to high-end interactive platforms and panel processors.

"The acquisition of AMD's DTV business, which will become the core of Broadcom's DTV line of business, will enable us to significantly scale and accelerate the completion of our digital TV product portfolio while also expanding our tier one customer base and positions us to achieve leadership and long-term growth in this important market segment," said Daniel Marotta, Senior Vice President & General Manager of Broadcom's Broadband Communications Group.

As a part of this move, approximately 530 members of AMD's DTV team, in addition to certain employees directly supporting this team, located in six primary design centers around the world, will join Broadcom. AMD's DTV product line includes all Xilleon integrated DTV processors and complete turnkey reference designs, as well as NXT receiver ICs, the Theater 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.

Broadcom will pay approximately $192.8 million in cash in exchange for AMD's DTV assets.