"Nat'l Semiconductor's Cyrix Assets Sold"
Tuesday August 3 8:19 AM ET
Nat'l Semiconductor's Cyrix Assets Sold
NEW YORK (Reuters) - Taiwan's VIA Technologies, Inc. said Tuesday it has agreed to buy the assets of U.S. chip maker National Semiconductor Corp.'s (NYSE:NSM - news) money-losing Cyrix PC processor business for $167 million.
VIA, one of the leading chip suppliers for the PC industry, said part of the sale price was payable at the close of the deal in about one month, with the remainder contingent on future revenues of the Cyrix product line.
The two companies signed a letter of intent for the sale on June 30, VIA said in a press release in New York.
The sale includes the MII x86-compatible processor and successor products, but National Semiconductor will retain the integrated MediaGX processor which forms the core of its new Geode system for the Information Appliance market.
Most of the assets involved are located in Richardson, Texas with others in Arlington, Texas, Mesa, Ariz., and Santa Clara, Calif., and some manufacturing assets in Singapore.
Santa Clara-based National has annual sales of $2 billion and approximately 11,000 employees worldwide.
Craig
|
