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AMD Launches Theater HD 750 for Worldwide HDTV-on-the-PC Reception

AMD launched the ATI Theater HD 750 PC TV chip offering HDTV viewing capabilities on desktop and notebook PCs around the world using analog, and digital, and free-to-air broadcast signals. ATI Theater HD 750 uses advanced video processing and signal reception technologies for clear HD picture quality, crisp images, high color performance and fidelity for an authentic HD home theater feel on the PC.

AMD Completes Sale of Digital TV Business to Broadcom

AMD today announced completion of the sale of its Digital TV (DTV) processor business to Broadcom Corporation. AMD announced a definitive agreement to sell its DTV business on August 25 as part of its strategy to become leaner and more focused, while seeking to create a business model to deliver sustainable profitability and leadership in core x86 computing and graphics businesses.

In connection with the business sale, AMD received approximately $141.5 million in cash, subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement.
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