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Avago to buy Broadcom in $37-billion deal
Avago to buy Broadcom in $37-billion deal

Long before Snapchat or Silicon Beach were ideas, chip maker Broadcom Corp. grew from its roots in a Santa Monica condominium into a 10,000-worker powerhouse in Irvine that helped turn Orange County into a technology hub. Co-founders Henry Samueli and Henry T. Nicholas III became billionaires in the process, and Nicholas championed Orange County as a burgeoning Southern California version of Silicon Valley. But now, with growth in the semiconductor industry slowing and its players consolidating to better survive, Broadcom said Thursday that it, too, would merge into a rival company — removing one of the region's mainstay independent tech companies. In a $37-billion deal, one of...

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