Intel Corp., having failed disastrously with its own efforts to break into the digital home/television market, has decided that is going to buy its way into the market. It has acquired Israeli-start-up Oplus for $100 million. Oplus makes video processors and other chips that go into digital televisions. The company which had raised nearly $20 million from the likes of Benchmark Capital was in the process of raising another $15 million, when Intel came calling. Intel has seen Texas Instruments get bigger-and-bigger in the DTV market and is trying everything possible to add some oomph to its stagnating business of selling PC processors.
Leave a Comment