Saturday May 30, 2015

Avago to Buy Broadcom for $37 Billion in Biggest-Ever Chip Deal

In a deal worth $37 Billion dollars, Avago Technologies Ltd purchased Broadcom Corp, creating the third largest semiconductor manufacturer in the US behind Intel Corp and Qualcomm Inc. The new combined corporation will take on the Broadcom name.

Broadcom is best known for its connectivity chips, which are used widely in smartphones made by Apple Inc. and Samsung Electronics Co Ltd.

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