The amount of the transaction, which is subject to customary closing conditions and regulatory approvals and expected to close in approximately 90 days, was not disclosed.
The acquisition is aimed at broadening Intel’s offering to other gateway markets, including DSL, Fiber, LTE, retail and IoT smart routers. Together with its IoT solutions, Intel® Security products and Intel-based client devices, the computing innovation giant can now deliver exciting new connected experiences for consumers.
Led by Dan Artusi, CEO, Lantiq supplies broadband access and home networking technologies. It specializes in broadband communications encompassing analog, digital and mixed-signal ICs along with comprehensive software suites. The company’s principal investor was Golden Gate Capital, a San Francisco-based private equity investment firm with approximately $12 billion of capital under management.