Chip major Intel is set to acquire Lantiq, a supplier of broadband access and home networking technologies.
Intel did not disclose financial details.
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The acquisition of Munich, Germany-based Lantiq will enhance Intel’s offering in cable residential gateway market and expand its offering to other gateway markets, including DSL, fiber, LTE, retail and IoT smart routers.
“By 2018, we expect more than 800 million broadband connected households worldwide,” said Kirk Skaugen, senior vice president and general manager of Intel’s Client Computing Group.
The combined team will have a range of connectivity solutions and home cloud technologies for OEMs, service providers and companies innovating new applications for the home. Together with Intel’s IoT solutions, Intel Security products and Intel-based client devices, Intel can deliver better connected experiences for consumers.
More than 100 global operators have deployed Lantiq’s DSL solutions. Lantiq has over 2000 patents related to broadband communications.
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