MaxLinear CEO Expects Intel Home Gateway Deal to Close This Quarter
MaxLinear’s connected home business generated 45% of Q2 revenue that grew 5% sequentially from Q1 to $65.2 million, said CEO Kishore Seendripu on a Thursday evening investor call. The company supplies broadband communications semiconductors. “We are benefiting from the demand…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
for greater bandwidth at home in a transformative work-from-home environment that we believe is an emerging long-term trend,” said Seendripu. MaxLinear expects its $150 million all-cash buy of Intel’s home gateway business, announced April 6, will close this quarter, he said. The acquisition will more than double its total addressable market to $5 billion, he said. “The rapidly expanding work-from-home mandates due to COVID-19 are driving bandwidth upgrades, which will strongly benefit our core connected home business as well as our companion Intel connected home division acquisitions.”