Newport Beach-based Conexant Systems reported today that the firm has sold off its Broadband Access product lines to Ikanos Communications, in a deal worth $54M in cash. Conexant said that the product organization develops DSL, ADSL, and other broadband hardware. Conexant said the sale is part of a restructring effort by the firm, which is looking to focus on imaging, audio, video, and embedded modem applications. As part of the deal, approximately 400 Conexant employees will join Ikanos.
Top NewsWednesday, April 22, 2009
Conexant Sells Broadband Product Lines