Intel Announces Intent to Acquire Oplus Technologies, Inc.
SANTA CLARA, Calif.—(BUSINESS WIRE)—Feb. 24, 2005—
Intel Corporation today announced it has entered into an
agreement to acquire Oplus Technologies, Inc., a leading provider of
video processing products and technologies for digital television and
digital displays. The acquisition would provide Intel with access to
valuable technology, expertise and products that complement the
company's offerings of standards-based silicon and software for the
growing consumer electronics market segment.
Oplus is a privately held fabless semiconductor company based in
Yokneam, Israel that designs, develops and markets integrated circuit
and software solutions for flat panel plasma and LCD-TVs, projection
systems, LCD multi-function monitors and emerging digital display
applications.
As part of its digital home platforms initiative, Intel is focused
on delivering silicon and software building blocks to enable a wide
range of consumer electronics devices, including digital
set-top-boxes, digital media recorders and digital televisions.
Oplus' technologies would enhance Intel's capability by providing
industry-leading expertise and products for advanced video processing,
an increasingly important differentiator in the broad market segment
for digital television and digital displays.
"The transition to digital displays coupled with a reduction in
display costs is enabling larger, higher resolution televisions, but
that in turn demands higher quality video processing capabilities,"
said Glenda Dorchak, vice president of the Digital Home Group and
general manager of the Consumer Electronics Group at Intel. "Oplus'
display expertise and competitive products will enable us to deliver
compelling solutions for OEMs in this rapidly growing market segment.
Oplus products have created a new standard for image quality, color
reproduction, noise reduction and sharpness."
Oplus currently sells three lines of video processors targeted at
the full spectrum of digital televisions and digital displays. The
company, which has approximately 100 employees, will continue selling
products under the Oplus brand name and will report into the Intel
Consumer Electronics Group. Terms of the deal were not disclosed.
Intel, the world's largest chip maker, is also a leading
manufacturer of computer, networking and communications products.
Additional information about Intel is available at www.intel.com.
Intel is mark or registered trademark of Intel Corporation or its
subsidiaries in the United States and other countries.
-- Other names and brands may be claimed as the property of
others.
Contact:
Intel Corporation
Bill Calder, 503-264-5669
bill.calder@intel.com
