Chip maker Avago may be close to buying Broadcom
Avago Technologies is in advanced talks to acquire Broadcom in a potential deal that could mark the latest consolidation in the global semiconductor industry, according to a report in the Wall Street Journal.The terms being discussed aren’t clear and the deal could still fall through, according to the report, which did not name its sources.Broadcom makes chips for a wide range of communications products, including wired and wireless networks, connected home and car equipment and the Internet of Things. Avago’s silicon goes into industrial and enterprise storage gear as well as wireline and wireless networks. Avago, founded in 1961, is based in San Jose, California, and Singapore. Broadcom is in Irvine, California, and started in 1991.To read this article in full or to leave a comment, please click here