Samsung Electronics is reconfiguring four divisions into two, in a move to bring its consumer products under one roof and its components business under another, according to a report Friday in The Wall Street Journal
The electronics giant will house such areas as its TVs, cell phones, and other consumer electronics into one group, while the components division will now include its liquid crystal displays and semiconductors, according to the report.
Samsung's restructuring comes at a time when a number of companies are retooling their operations in an effort to minimize the effect of a slowdown in corporate IT spending and pullback from consumers.
Samsung's consumer products division will be overseen by Choi Gee-sung, who manages the company's cell phone business and is the former head of Samsung's TV and video operations. CEO Lee Yoon-woo will run the components division.
Broadcom is paying $192.8 million in cash to acquire Advanced Micro Devices' digital television business, the companies said Monday.
AMD's DTV assets include Xilleon integrated DTV processors and reference designs, NXT receiver ICs, the Theater 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.
AMD had announced last month that it was quitting the DTV market, as part of an effort to streamline its businesses. CEO Dirk Meyer said in a press release that the sale was a "key step" toward helping the company boost its financial performance.
Roughly 530 AMD employees working for the DTV business will be "invited to join Broadcom" as part of the sale, which has been approved by both companies' boards of directors.
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