NEWPORT BEACH, Calif. -- Making its third acquisition in the past month, Conexant Systems Inc. here has bought the wireless-broadband chip unit of Oak Technology Inc. in Bristol, England, for about $25 million in stock and cash.
The deal will expand Conexant's chip efforts in the satellite, set-top box, digital-TV, and terrestrial broadband markets, according to Dwight Decker, president and chief executive of the Newport Beach, Calif., company.
Oak's broadband-chip unit is currently shipping the world's first single-chip demodulator/decoder for use in coded orthogonal frequency-division multiplexing (COFDM) applications. These chips enable digital broadcast signals to be received and processed for display via a wireless network.
The Bristol organization will continue to operate from its current location as part of Conexant's Digital Infotainment Division, which develops and sells chips for set-top boxes, PC-to-TV add-on cards, satellite systems, and other products.
The move represents Conexant's third acquisition in the last few weeks. Late last year, it acquired Maker Communications Inc., a supplier of network-processor products, for nearly $1 billion
(see Dec. 20, 1999 ). Conexant also acquired Microcosm Communications Ltd., which also is based in Bristol, and makes and sells optical networking transceivers (see Jan. 7 story ).