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

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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  • (Score: 2) by present_arms on Friday May 29 2015, @06:15PM

    by present_arms (4392) on Friday May 29 2015, @06:15PM (#189762) Homepage Journal

    It was just the first 3 that came in to my head :)

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