Conexant Buys Packet Switching Business

Newport beach-based Conexant has acquired the packet switching business of Zarlink Semiconductor, the firm said last night. The deal, which was worth $5M in cash, includes Fast Ethernet switching products. Conexant said that the devices are complimentary to its DSL central office products. Conexant also said that its packet switch core engineering team has become part of COnexant's Broadband Access group and will be based in Newport Beach.