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Chipmaker Avago Buys Broadcom for $37B

posted by martyb on Friday May 29 2015, @05:47PM   Printer-friendly
from the merger-mania dept.

"gewg_" writes:

The Orange County Register reports

Irvine chipmaker Broadcom Corp. will be purchased by Singapore-based Avago Technologies Ltd. for $37 billion, making the deal the biggest technology acquisition ever.

The two companies said they expected the deal to produce $750 million in savings over the first 18 months of their union. The new company will take Broadcom's name, Avago's CEO, Hock Tan, will retain his leading role in the newly combined enterprise.

[...] The purchase of Broadcom, the biggest maker of Wi-Fi chips for short-range connections in mobile devices, will create the world's sixth-largest chipmaker in terms of revenue. The deal is the latest in a round of consolidation in the $300 billion industry as the rising costs of production and design push manufacturers to combine.

[...] Broadcom is closing its unit that makes modem chips for mobile phones. That is reducing losses and expenses in a business that failed to gain significant market share from Qualcomm Inc.

Have any Soylentils had dealings with Avago which indicate that (notoriously closed) Broadcom will now become more open?

[Editor's Comment: Original Submission]

 
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Chipmaker Avago Buys Broadcom for $37B | Log In/Create an Account | Top | 13 comments | Search Discussion
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Friday May 29 2015, @05:58PM

    by Anonymous Coward on Friday May 29 2015, @05:58PM (#189754)

    Yay Asian backdoors

  • (Score: 2) by present_arms on Friday May 29 2015, @06:07PM

    by present_arms (4392) on Friday May 29 2015, @06:07PM (#189758) Homepage Journal

    As opposed to British, American or Russian back doors? If there is one, firewall the bastard.

    --
    http://trinity.mypclinuxos.com/

    • (Score: 4, Funny) by Nerdfest on Friday May 29 2015, @06:10PM

      by Nerdfest (80) on Friday May 29 2015, @06:10PM (#189760)

      Please don't forget Canadian back doors. Of course, we knock first.

    • (Score: 2) by tibman on Friday May 29 2015, @06:48PM

      by tibman (134) Subscriber Badge on Friday May 29 2015, @06:48PM (#189781)

      Don't forget Poland!

      --
      SN won't survive on lurkers alone. Write comments.

  • (Score: 5, Informative) by LoRdTAW on Friday May 29 2015, @06:22PM

    by LoRdTAW (3755) on Friday May 29 2015, @06:22PM (#189767) Journal

    It's an old semiconductor division from HP that was spun off with Agilent then bought out by two investment firms, incorporated in Singapore and jointly headquartered in Singapore and California.

    How much of it is Asian vs American is quite blurred. Though, they have been busy buying out everyone in the semi business.

  • (Score: 2) by davester666 on Friday May 29 2015, @06:45PM

    by davester666 (155) on Friday May 29 2015, @06:45PM (#189776)

    who doesn't like being backdoored by an Asian?

    • (Score: 2) by present_arms on Friday May 29 2015, @06:55PM

      by present_arms (4392) on Friday May 29 2015, @06:55PM (#189786) Homepage Journal

      Speak for yourself :P

      --
      http://trinity.mypclinuxos.com/

      • (Score: 3, Funny) by dmbasso on Friday May 29 2015, @07:46PM

        by dmbasso (3237) on Friday May 29 2015, @07:46PM (#189809)

        I see, you're eagerly waiting for the growth of African... semiconductors!

        --
        `echo $[0x853204FA81]|tr 0-9 ionbsdeaml`@gmail.com

  • (Score: 0) by Anonymous Coward on Saturday May 30 2015, @12:01PM

    by Anonymous Coward on Saturday May 30 2015, @12:01PM (#190074)

    Man, this comment opened up a whole can of ... well, it's a big hole.