Topics

Henry Samueli
What you need to know about Broadcom's sale to Avago Technologies
What you need to know about Broadcom's sale to Avago Technologies

Avago Technologies Inc. on Thursday agreed to buy Irvine semiconductor developer Broadcom Corp. for $37 billion in cash and stock, one the largest deals in the history of the semiconductor industry. The blockbuster deal is part of rapid consolidation in the semiconductor industry and creates a company with a combined market value of $77 billion and combined annual revenue of $15 billion. Founded in a Santa Monica condominium in 1991 by Henry Samueli, a UCLA professor, and Henry T. Nicholas III, a star student, Broadcom now employs more than 10,000, with more than 75% of them engineers. Why is this transaction important?  Both companies are major players in the business of...

Loading