Avago buys Broadcom in $37 bn chipmaker tie-up

.

24/7 Space News

.

Avago buys Broadcom in $37 bn chipmaker tie-up
by Staff Writers
New York (AFP) May 28, 2015

Singapore-based Avago Technologies announced plans Thursday to buy rival Broadcom in a $37 billion deal creating a mobile chipmaking powerhouse.

The stock-and-cash deal "creates the world's leading diversified communications semiconductor company," according to a statement from the companies.

The combined firm will have a market value of $77 billion and revenue of $15 billion, according to the statement.

It would be a key player in components in the surging market for mobile devices like smartphones and tablets.

"Today's announcement marks the combination of the unparalleled engineering prowess of Broadcom with Avago's heritage of technology... in a landmark transaction for the semiconductor industry," said Hock Tan, Avago's chief executive.

"The combination of Avago and Broadcom creates a global diversified leader in wired and wireless communication semiconductors."

Avago was originally a semiconductor unit of US-based Hewlett-Packard. It has operations in California as well as its Singapore home base.

Tan will head the combined company on completion of the deal, which includes $17 billion in cash and $20 billion in stock. It is expected to close early next year.

bur-rl/dw

AVAGO TECHNOLOGIES

BROADCOM

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

.

Related Links
Computer Chip Architecture, Technology and Manufacture
Nano Technology News From SpaceMart.com

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks

One step closer to a single-molecule device
New York NY (SPX) May 28, 2015
Under the direction of Latha Venkataraman, associate professor of applied physics at Columbia Engineering, researchers have designed a new technique to create a single-molecule diode, and, in doing so, they have developed molecular diodes that perform 50 times better than all prior designs. Venkataraman's group is the first to develop a single-molecule diode that may have real-world technologica ... read more

NASA's LRO Moves Closer to the Lunar Surface

European Space Agency Director Wants to Set Up a Moon Base

Russia Invites China to Join in Creating Lunar Station

Japan to land first unmanned spacecraft on moon in 2018

UAE eyes "first Arab unmanned probe" to Mars by 2021

Rover Restored to Normal Operations After a Reset

Curiosity Rover Adjusts Route Up Martian Mountain

Flawed Debates begets false choices beyond LEO - Part Two

Like Sleeping Beauty, some research lies dormant for decades

Mission: "Space for all"

The Moon or Mars: Flawed Debate, False Choice - Part Two

NASA's CubeSat Initiative aids solar sail tests in space

China ranked 4th among world space powers

3D printer making Chinese space suit parts

Xinhua Insight: How China joins space club?

Chinese scientists mull power station in space

ISS Partners Adjust Spacecraft Schedule

Samantha's longer stay on ISS

Italian astronaut shows how to use restroom on ISS online

Russia delays return of ISS crew members after supply ship failure

DirecTV-15 and SKY Mexico-1 go for May 27 Ariane 5 heavy-lift

Initial Ariane 5 assembly completed for July launch of dual payloads

SpaceX cargo ship returns to Earth in ocean splashdown

Commission on Proton Rocket Failure to Finish Investigation by End of May

Weather forecasts for planets beyond our solar system

Astrophysicists offer proof that famous image shows forming planets

Astronomers detect drastic atmospheric change in super Earth

New exoplanet too big for its star

New computational technique advances color 3D printing process

Simulations predict flat liquid

Turn that defect upside down

India to test its home-made multi-object tracking radar next month

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.