Intel announced today that it is backing out of the market in chips used for projection TVs – a market that is currently dominated by Texas Instruments. Also today, the WSJ Personal Journal published a trend story on big VC money invested in chip startups that target this same market.
The Journal points out that the new companies hope to halve the $300 to $500 that TI charges. Startups mentioned include: Keyotee, Miradia, and Reflectivity. It appears that the Journal article was put to bed before the Intel announcement. Given that Intel’s pullout represents another clear failure for Santa Clara, and how lucrative this market can be, we expect that Intel will make a bid to buy one of these companies.
Read – Firms Seek to Channel TI’s TV-Chip Success (WSJ Personal Journal)
Read – Intel Cancels Chip for Flat-Panel TVs (Mercury News)