Intel selling Home Gateway Platform Division to MaxLinear
Back in November, Bloomberg reported that Intel hired a financial adviser to help sell its home connectivity business. MaxLinear has now published a press release announcing that it will be acquiring Intel’s Home Gateway Platform Division.
The Home Gateway Platform Division comprises Wi-Fi Access Points, Ethernet and Home Gateway SoC products deployed across operator and retail markets. The acquisition will enable MaxLinear to complement its existing portfolio, bringing together a complete and scalable platform of connectivity and access solutions for its customers across target end-markets, as well as creating potential new revenue opportunities in adjacent target end-markets.
MaxLinear is a provider of RF receiver systems-on-a-chip (SoCs) for connected home applications, so the acquisition of Intel’s own connected home SoC division is a sensible one for MaxLinear. The company is currently set to acquire the division for $150 million. However, the deal is subject to customary closing conditions, which include regulatory approvals. If all goes well, MaxLinear expects the deal to close in the third quarter of this year.