Texas Instruments has sold its Multipoint Systems wireless communications business to Robert Bosch of Germany, which wants to its fledging telecomms unit.
For an undisclosed sum, Bosch will acquire all Multipoint?s assets and technology, and will also hire all its 90 staff based in the US.
Bob Oswald, chairman of Bosch?s US operations said: ?We are making a serious commitment to become a major force in the telecomms business in north America.?
Multipoint joins Bosch?s other most recent purchase, Dancall, Amstrad?s former cellular mobile phone division.
Multipoint provides a two-way communications system based on broadband and narrowband services. Applications include high speed Lan/Wan connectivity, telephony and data services, broadcast and cable programming, and video on demand.
The deal is the latest in a line of divestitures as TI plans to concentrate on its core semiconductor business. It has sold off its defence group, portable computer operation, and printer business.
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