Intel Acquires Stanford Telecom Components Group

In a release late last week, Santa Clara, CA-based Intel Corporation entered into a definite agreement to acquire Sunnyvale, CA-based Stanford Telecom's component products division. Under the agreement, Intel will acquire the component group from Ontario-based Newbridge Networks, which signed an agreement to purchase Stanford Telecom in June.

Stanford Telecom components division provides silicon components for head-end equipment used by cable companies and broadband wireless service providers as well as customer premise equipment (CPE) such as cable modems and set-top boxes. Under the new merger agreement, Newbridge will retain access to the silicon components required for Stanford Telecom's wireless broadband products group.

As part of the transaction, Newbridge and Intel plan to work together to define and develop subsequent generations of advanced silicon for broadband wireless. The two companies will also jointly promote further standardization in broadband wireless.

Edited by Robert Keenan