ATI Technologies agreed to buy demodulation chip designer NxtWave...
ATI Technologies agreed to buy demodulation chip designer NxtWave Communications for $20 million cash. Deal is expected to close June 28. Acquisition will enable ATI to combine its back-end technologies with NxtWave’s front-end demodulator chips in targeting digital set-top…
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boxes. ATI and NxtWave have long-standing ties and former’s technologies were regularly featured in NxtWave product demos. Unclear was whether NxtWave operations would move to ATI’s Markham, Ont., hq from N.J. and how acquisition might affect NxtWave’s preexisting agreement with Zenith to work on extended VSB standard for DTV. ATI and NxtWave officials weren’t available for comment.