Conexant, Motorola in Supply Deal

Motorola will use two of Conexant's processors in its next-generation set-top platforms.
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Conexant Systems

(CNXT) - Get Report

shares were climbing Friday after the semiconductor company announced a new supply deal with

Motorola

(MOT)

.

Motorola has chosen two of Conexant's processors -- advanced multimedia and highly integrated network -- for use in one of its next-generation set-top platforms. Motorola will incorporate Conexant chips as part of a forthcoming next-generation set-top product, which is intended to offer consumers a more flexible and compelling entertainment experience.

Shares of Newport Beach, Calif.-based Conexant were higher by 15 cents, or 7.3%, at $2.21 in recent trading Friday.