MaxLinear completed the acquisition of Intel’s Home Gateway Platform division for $150m.

MaxLinear, a provider of radio frequency, analogue and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multimarket applications, completed the acquisition of Intel’s Home Gateway Platform division for $150m. The transaction is expected to close in the third quarter of 2020, subject to customary closing conditions, including regulatory approvals. “Intel and MaxLinear have a strong track record of collaboration to deliver gateway platforms for the home, and I’m confident this will be a seamless transition for our mutual customers and employees. It will also allow Intel’s Client Computing Group to focus on our vision of delivering PC platforms that power every person’s greatest contribution while having no impact on Intel’s Internet of Things Group or Intel’s Network Platform Group,” Weng Kuan Tan, Intel General Manager of the Home Gateway Platform Division and Corporate Vice President of the Client Computing Group.