Company Now Focused on Providing Solutions for Imaging, Video, Audio, and Internet Connectivity Applications
Conexant Systems, Inc. (NASDAQ:CNXT) today announced that it has completed the sale of its Broadband Media Processing product lines to NXP Semiconductors. Conexant will receive approximately $110 million in cash and up to $35 million in an “earn-out” fee, contingent upon [...]

Deal Creates Unique Positioning to Drive Revolution in TV Viewing Experience
Following the announcement of April 29 this year, NXP Semiconductors, the independent semiconductor company founded by Philips, today confirmed the completion of the acquisition of the Broadband Media Processing (BMP) business of Conexant Systems, Inc., (NASDAQ:CNXT).
With this transaction, the first for its Home [...]