GlobespanVirata agreed to acquire Intersil's Wireless Networking Product Group for $365 million in cash and common stock. Intersil's Wireless Networking Product Group focuses on the WLAN semiconductor market. GlobespanVirata is a developer of DSL chipsets. The companies cited the synergies of their respective product lines in home networking, consumer electronic networking and wireless data segments. GlobespanVirata said WLAN capabilities are becoming integral to DSL CPE designs.
http://www.globespanvirata.com
http://www.intersil.com
- Intersil's Wireless Networking Product Group has over 300 employees and is based in Florida. The group has its origins in Harris Corporation.
