NXP acquires Conexant STB Division

Kunal SinghMay 4, 2008
NXP semiconductors has acquired the STB business of Conexant Technologies for 100 Million US$. This deal might boost the STB business of NXP, as they will gain a huge customer base from this deal. Conexant has been in deep trouble for last one year and had resorted to heavy lay offs in last financial year.

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